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LOVE TREND LINES

Started by mss , May 12 2005 07:38 AM

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3 replies to this topic

#1 mss

I'M WATCHING

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6,182 posts

Posted 12 May 2005 - 07:38 AM

The nice thing about trend lines, if you draw them by any reasonable rules, nobody can say you are wrong. They can only say "I would have done it different".
I think we are dealing with the fist chart, which should be in play till Monday.

Posted Image

The second chart has a nice up-trend channel, but IMHO, it will turn out to be a BEAR flag and fail. At what price, 1182/84 maybe????? Or for the BULLS 1190+/-

Comments always welcome,
:cat:

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

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#2 hiker

independent trader

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12,118 posts

Posted 12 May 2005 - 09:16 AM

great work, mss. thank you.

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#3 kamakazeman

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272 posts

Posted 12 May 2005 - 09:40 AM

Nice Charts! Agree with concept on first chart, wonder why limited till Monday?

I started out with nothing, and, I have most of it left.........

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#4 mss

I'M WATCHING

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6,182 posts

Posted 12 May 2005 - 09:59 AM

Nice Charts!
Agree with concept on first chart,
wonder why limited till Monday?

<{POST_SNAPBACK}>

IMO the SPX will not break the red or blue TLs till Monday. By then we should have a good idea of which and how good or bad.
:cat: