AI
Tuesday, August 06, 2002 7:56:29 AM
What If ?
Zeev, LG, augie, others....as a long time lurker on SI please accept my thanks for all the great insights. Of late, most of the interpretations of the Indices (especially the DOW) have been extremely bearish - H&S breakdown,megaphone,Diamond breakdown etc. I may be reaching, but here's a bullish scenario..
There is one trendline on the DOW I've been watching for awhile that starts around 1941-42 about the time the US became a nuclear/economic superpower (it's a channel if the peaks of 1940s,60s and 2000 are connected)
What if the past couple of years is just a good 'ol Bull Flag ?
I've been puzzled by the declining volume on the DOW during this span - is that solely a function of the Bear or is it a bullish long term indicator ?
I'd appreciate any input here - been on the sidelines since October 2000 and thinking about getting back in for the long haul. TIA
Zeev, LG, augie, others....as a long time lurker on SI please accept my thanks for all the great insights. Of late, most of the interpretations of the Indices (especially the DOW) have been extremely bearish - H&S breakdown,megaphone,Diamond breakdown etc. I may be reaching, but here's a bullish scenario..
There is one trendline on the DOW I've been watching for awhile that starts around 1941-42 about the time the US became a nuclear/economic superpower (it's a channel if the peaks of 1940s,60s and 2000 are connected)
What if the past couple of years is just a good 'ol Bull Flag ?
I've been puzzled by the declining volume on the DOW during this span - is that solely a function of the Bear or is it a bullish long term indicator ?
I'd appreciate any input here - been on the sidelines since October 2000 and thinking about getting back in for the long haul. TIA
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