Short Term Trading Member Forum

[chris3403]

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....