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#1 eminimee

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Posted 01 August 2007 - 08:15 AM

......as long as we hold the top of channel...

http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=10&mn=6&dy=0&i=p79436792931&a=98654220&r=9793.png

#2 diogenes227

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Posted 01 August 2007 - 09:34 AM

Isn't that a gravestone doji last month? Close, at least. There's another one back there in '06 just before that hard drop. Interesting. Not exactly bullish.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 eminimee

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Posted 01 August 2007 - 11:47 AM

......as long as we hold the top of channel...

#4 diogenes227

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Posted 01 August 2007 - 11:55 AM

Just adding an observation, guy, and a note of caution on a monthly time frame. No need to shout.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#5 eminimee

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Posted 01 August 2007 - 12:38 PM

LOL....those letters came out a little larger than expected...didn't mean to shout that loud.... ...just emphasizing that the channel has to break to be bearish.