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US TECH 100
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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Monday, 07/26/2004 9:05:31 PM

Monday, July 26, 2004 9:05:31 PM

Post# of 51804
NASDAQ intraday chart

The past several days has formed a triangular shaped pattern. It it not an Elliott wave triangle though. The upper edge of the triangle has continued to should strong resistance, but the lower edge ( made by lows on 7/19, 7/22, and 7/23 )failed as support today. The lower edge is now resistance. The closing rally hit this resistance.

Let's see how strong the resistance is tomorrow. Keep in mind that the upper edge is also resistance.

http://charts.barchart.com/chart.asp?sym=$NASX&data=Z15&date=071804&den=HIGH&evnt=of...
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