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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (8719)10/15/1998 4:53:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34814
 
Hello all,

I think yesterday I mentioned that the DJIA was building a huge base and said it was like a powder keg. Today, the DJIA took off and broke through all near term resistance and the bearish resistance line. This will start to establish a new bullish support line.
Next resistance is at the 8700 area.
Nasdaq broke a double top today.

I'll know tonight where the indicators are. Since they were already showing signs of improvement, it could be that some reverse up today.
I'll post as soon as I know :-)

Jan I am