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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: MACD X who wrote (4486)	3/19/2007 6:19:48 PM
From: Dr. Stoxx	Respond to of 6865

Bullish charts there, vern. Sector was very sluggish today causing underperformance in the Naz...but the charts say a breakout to the upside is immanent. TC

To: MACD X who wrote (4486)	3/19/2007 10:56:50 PM
From: jaker	Respond to of 6865

I dunno, so I just try and figure out what the charts are saying. If someone were to twist my arm, I would say that a move on down to the yellow regression channel bottom before a bounce seems logical... Price is storing up a lot of energy in the rectangle (yellow), whichever way it breaks ( with avengence/volume) the move should be substantial. Every reversal starts someplace, I like to look down to a shorter timeframe... for the SMH check out it's 60m this is my Regression Channel analysis h1.ripway.com h1.ripway.com