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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (74244)	5/21/2003 2:10:09 PM
From: Shack	Read Replies (1) \| Respond to of 209892

The Feb/MAR uptrend IS "the uptrend" no? What other uptrend is there? Talking NDX here. Sure that trend may flatten out and we may make another high eventually but then the best one could hope here is Jell-O. That's just conjecture anyway. I guess you could say the October 10 uptrend is in place and I wouldn't disagree but that won't help me trade right here (hell I could say the October 1932 uptrend is still in play-g/ng). A broken channel (and a broken UT line out of the March 17 low for those that don't care for channels) is a pretty good indication of a broken trend. I don't have ANY issues with this discussion mchjc so "tussle" away, but seriously, how much lower does the NDX go here before YOU declare that trend broken? By the time we get our first swing low (for you to gauge if we get a lower high), we could be at NDX 950 (I am just playing here but you get my point).