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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1384)	11/10/2003 11:22:15 PM
From: Andrew	Read Replies (1) \| Respond to of 3432

SP500 I see 1062 was resistance on the upper trendline and 1035ish is where the lower trendline extends to on the rising wedge. This is starting to pinch closer together. A break below the lower trendline could be the start of some ugliness or not if your inclined to be short the market. Sorry I cant post a chart with the lines drawn in but if you draw the trendlines in they would pinch and then cross at 1075 on about DEC 25th. Rising wedges always break downward unless the SP decides to go parabolic the next test of the lower trendline should break trough. And Unless of course the bulls can make it ride the upper trendline indefinately we should have a nice decline. I am shorting select big name techs. stockcharts.com[w,a]wacayyay[de][pd20,2!b40][vc60][iLa12,26,9!Lh14,3]&pref=G stockcharts.com[w,a]dacayyay[dd][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G

To: velociraptor_ who wrote (1384)	11/11/2003 11:55:37 AM
From: sylvester80	Respond to of 3432

Velo, I posted this chart this past Friday. Those trend lines extend all the way back to 1978. Went overweight short the same day. ttrader.com.