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

To: Runomo™ who wrote (15928)	5/21/2004 9:11:49 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 207068

Not at all, you need a key reversal for the first day to anchor the pattern, it's not there in that chart... GZ

To: Runomo™ who wrote (15928)	5/21/2004 9:20:27 PM
From: Runomo™	Respond to of 207068

CNBC was very vocal this week about the lack of conviction and low volume market action...well, the answer may well be very simple: stockcharts.com[w,a]waclyiay[df][pc50][vc60]&pref=G Most of the major indexes are forming the handle area of the cup with a handle basing structure...the Naz chart above with the volume bars if viewed from that perspective would suggest that the volume dry up is a bullish development which typically occurs at the tail end of the price pullback .... Mo