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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (15671)	5/17/2004 3:04:30 PM
From: da_cheif™	Read Replies (1) \| Respond to of 206964

wont haft to fly in,...just show me how i can present that chart you showed us....i know how to draw the lines...just havent figured out how to post it...snort

To: Chip McVickar who wrote (15671)	5/17/2004 3:18:52 PM
From: HairBall	Respond to of 206964

Chip: For now I have down trending formations (slightly contracting channels for the COMPX, NYA, INDU and SPX. One could refer to them as medium to longer-term falling wedge patterns...gg These patterns are in play until they either resolve to the norm or are negated. If they plot out per the norm, we've seen the majority of the accelerated drop for this leg. If the 24th (55th trading day from the SPX march high) or the 25th (a 34 trading day cycle from the Oct lows for the SPX) come into play for pivot lows, we could see those patterns breached to the downside. However, I suspect will get a bounce down to those dates, before the market turns back up. That Dow megaphone I posted earlier has my attention as well. Good trading....back to the grindstone! Regards, LG