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To: Doug R who wrote (2004)11/16/1997 9:12:00 PM
From: Dave H  Read Replies (1) | Respond to of 2403
 
"Boy did I screw that one up. I was supposed to type the Sept. low but somehow March came
out of my fingertips. Sheesh! 7556.23 on 9/11 to be exact. The line is from the low 7/16/96 to
the low on 10/28/97. I hope it's a little clearer now. "

Ok, I drew the trendline from 7/16/96 low to the low on 10/28/97. I also see that the low on 9/11/97 was violated. It seems that the low on 9/11/97 was an area of support going back to about 7/11/97.
A couple questions:

I would suppose we are waiting for a violation of the trendline at some future date, right? (this is what you mean by the "uptrend," right?)
but i don't know how 9/11/97 fits into all this. is it because it represents the "valley in the middle?" (being the low between the two peaks?"

Finally, does it mean anything that we broke above the 9/11 low again on friday? is there a chance that we could regain that level as support, or once it was broken, is it inevitable that we will break the uptrend line? (i suppose one other possibility is that we could remain above the uptrend line until the two lines cross, which would be bullish, right?)

thanks for any help you can provide doug!

-dave

can you help?
thanks,
dave