Discussion in 'Trading' started by Corso482, Jul 26, 2003.
The S&P and the Nasdaq look purdy as hell to me!!!
and the Nasdaq
Supported by Monthly. Bouncing off a double bottom, especially.
The chart discounts about 5 days of trading. There are three closes and two opens that have been ignored. I start the lower boundary where you do, but have it drawn horizontally. It encompasses all but the long tail.
I think every trader(including me) or chartist has assumed the current rally is part of a bear flag, or return to the so called giant head and shoulders neckline. Well why couldn't the S&P print a giant double top, or go back to the 1160-75 area(huge resistance there)?
QQQ looks like reasonably strong uptrend;
tends to be the strongest of the 3.
10,200 by end of year.
pur... - what ?
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