Denmo83 I agree that the $COMPQ could be at support however at a minimum it has to take out and close above 1785 and stay there before I become bullish on it. For some reason I can’t reproduce an intra day chart with support and resistance lines drawn where I want them but here is a chart of the $COMPQ with closing prices and the intra day chart more or less matches almost to a T. http://www.ttrader.com/mycharts/display.php?p=25535&u=chris3403&a=chris3403%5C%27charts&.... It appears that the $COMPQ and the Q’s are hurting most of all and for the Q’s it needs to close above 32.95 and likewise hold it. As for GE although I went back into it at the close in the 401k I’m still thinking it’s a week or so away from bottoming. While I realize that I could go to Stockchart.com and grab an intra day chart for the $COMPQ and draw my trend lines it wouldn’t work and I don’t know why you guys like Chuck, yourself and the others that subscribe to it have never brought this subject up. On this chart that you posted hold a piece of paper up to the monitor and draw 2 hash marks at 1750 and 2000. Now place those hash marks on 1250 and 1500. If the scale is 250 then why don’t the hash marks line up? It gives a distorted picture of the chart! You guys that subscribe to Stockcharts.com need to raise some hell about this matter. jmo GL GT Chris http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[h,a]daclyiay[d20010401,20040813][p][vc60][iua1....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.