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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Kailash who wrote (15497)10/26/2004 5:41:22 PM
From: jrhana  Read Replies (2) | Respond to of 60914
 
<The Dow touched it's downward trendline yesterday and a bounce today continues the pattern of the past ten months or so. If it stays on track, we'll have a rally in the Dow lasting 2-4 weeks and taking us back up to around 10250.>

Inspired in part by Richard Russell I present the following:

stockcharts.com[m,a]dacayyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Is that not the most beautiful series of lower highs and lower lows you have ever seen? How long can it keep this up?

Maybe this it the future and not a crash.



To: Kailash who wrote (15497)10/26/2004 9:34:22 PM
From: yard_man  Respond to of 60914
 
look at the fuel for the rally today -- huge bounce on oversold insurers -- you see how much some of those were up -- and the Naz didn't accomplish much, except in the last few minutes -- I think you are right -- unsustainable. We'll see -- I guess crude could melt and send the shorts running for cover, but when??


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