ajtj99's Market Pulse

[ajtj99]

Is there a possibility the COMP could be forming an ascending triangle, with the low of 1372.50 as the base and the multiple hits at 1425-1427 the upper line?

$NDX,uu[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6471081,Y]&pref=G" target="_new" rel="nofollow noopener noreferrer ugc">http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

If true, it measures to about 1475. The COMP one measures to about 2009, and that's about the location of the falling resistance line off the 2153 and 2060 highs if I'm not mistaken.

I have not seen a low made in this fashion, but that doesn't mean it can't happen. I'm properly hedged until I get some clarity.