5 replies to this topic

[hedgehawk]

Cleared its downtrend line and now backtesting the downtrend line. Made a higher high now lets see if it holds this trend line...............


http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png

Edited by hedgehawk, 19 March 2008 - 07:08 PM.

[TheArchitect]

back kisses of downtrend lines are BS for the upside... look at the market geometry... thats in NO WAY positive... u wanna back kiss an uptrend line after breaking it... bwtfdik...

[hedgehawk]

r we just a wee bit bearish?

[thespookyone]

hedgehawk-I can tell you are a bit bullish as well=you don't have the higher low in yet, but you "hope". The pattern here for bulls has clearly been failure and hope.

[TheArchitect]

r we just a wee bit bearish?

well... if you're asking me... i think things are turning... into april... i was looking for another good sell off... started today... may well continue into tomorrow... maybe even monday/tuesday... not withstanding a few small rallies... but you know my stance for april... right?

[AChartist]

I think your channel interpretations is correct, you already have an new upward
channel with the two lows and a 1 point parallel top line.

Cleared its downtrend line and now backtesting the downtrend line. Made a higher high now lets see if it holds this trend line...............


http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png