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S&P 500
5,491.67
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0.08%
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US TECH 100
19,429.60
(
0.11%
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Dow Jones
38,905.12
(
0.18%
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Brent Oil
84.76
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0.07%
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techcharter

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techcharter

Re: denmo83 post# 1501

Saturday, 07/10/2004 10:00:26 AM

Saturday, July 10, 2004 10:00:26 AM

Post# of 51804
Denmo: compq chart

There is another set of channel line I'd like you to add.

Start with the April '04 highs and draw a downward sloping line through the Mid-June consolidation around 1980 level. Draw a parallel line starting at the May '04 lows.

This channel would show the market gave a head fake higher and is returning to a longer term downtrend.
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