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


To: Trumptown who wrote (1416)11/14/2003 3:22:37 PM
From: velociraptor_  Read Replies (3) | Respond to of 3432
 
missed a few bars on that top line...raise it so the whole thing looks like a terminal wedge.

An ascending wedge will have a noticable top line and should not have that many bars poking through.



To: Trumptown who wrote (1416)11/14/2003 3:25:57 PM
From: Andrew  Respond to of 3432
 
your top line is drawn through a higher point and your time frame too short. and put your chart on linear, all log scale does is adjust charts to look like we want them to when they dont.

Besides IMO the index to watch is the sp500, the whole market. Although NAZ will get hit the worst since it contains the lowest quality companies.



To: Trumptown who wrote (1416)11/15/2003 12:21:12 AM
From: sylvester80  Read Replies (1) | Respond to of 3432
 
One thing that people (primarely perma-bulls) have missed is that for almost 6 months now since end of May, the range of S&P 500 ($SPX) has been from 965 to 1065 with 1015 at the mid line. Yes, you heard right. 6 MONTHS!

So we are just 35 points (that's just 3.5%) from where we were Jun 16, some 5 MONTHS AGO!