Market Toppy? I Think Not!

Discussion in 'Trading' started by Corso482, Jul 26, 2003.

  1. The S&P and the Nasdaq look purdy as hell to me!!!:D
     
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  2. and the Nasdaq
     
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  3. Supported by Monthly. Bouncing off a double bottom, especially.
     
  4. 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.
     
  5. 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)?
     
  6. ========================

    QQQ looks like reasonably strong uptrend;
    tends to be the strongest of the 3.:cool:
     
  7. 10,200 by end of year.
     
  8. ttrader

    ttrader


    pur... - what ?:confused:


    ttrader