Short Term Trading Member Forum

[chris3403]

On 6/23/04 the Dow tested the bear market resistance line drawn from the 14 Jan 00 high and connecting the 5/21/01 high and appears to be resting on support provided by the Aug 03 20wk low and the Sep 03 10wk low. I’m having a problem trying to reproduce the chart with the lines drawn on it.

On the same date GE tested the trend line drawn off of the 10/09/02 bottom and connecting the 7/17/03 20wk bottom and appears to be resting on support provided by the trend line drawn off of the 2/13/03 20wk bottom and connecting the 11/17/03 20 wk bottom. Once again I am having problems reproducing the chart with the trend lines drawn in the correct places.
One should anticipate a big movement this week. One of those trend lines is going to give way.
Thanks Chuck, email was sent and I've been cleared for 18.
chris