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To: Berney who wrote (5335)2/1/1999 4:24:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 11051
 
Berney; RE:" MID.X -- alternate TrendLine ? "

>As you know, I really enjoy drawing trend lines. In the longer term charts, I've found it best to treat October as an aberration. Try drawing the trend line from the August bottom and I believe that you will see an almost perfect fit. Looks primed and ready for the next move up...

...great observation, Berney !

I have drawn this line on the MID.X and MDY charts and put them back up on the website, so folks can see exactly what you are talking about.

Works perfect for MID.X index, as you suggest. MDY is under this reference trend-line, though; as is the NYA.X - Composite NYSE Index... I already had that reference line on NYA.X, and NYA.X and MDY are quite similar in that regard, being so broad-based.

back in the phone patch...

How does SBC look to you @ ~54 ? I got resistance ~58 and target ~61, and I like those doji candles last week (^_^)

-Steve