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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Friday, 07/16/2004 7:06:24 AM

Friday, July 16, 2004 7:06:24 AM

Post# of 51804
Too much Wave Overlap

In the late June to early July time, the NASDAQ composite shows well formed sell off motive waves. The last week and a half is difficult to detect sell off motive waves due to overlapping. Even though there are lower lows and lower highs, the lows are starting to flatten. Momentum is waning to the downside. A relief rally is probably due. Stochastics are still oversold.

http://charts.barchart.com/chart.asp?sym=$NASX&data=Z60&date=071604&den=MED&evnt=off....

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