Replies to post #2747 on ajtj99's Market Pulse

[ajtj99]

Here's the COMP linear daily chart showing the line in the sand:

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]dacayyay[dc][pb20!b50!b200!c13!c20!c50!i!d....

That line is around COMP 1595-1597 tomorrow, depending on who can draw it best.

If we drop below that line, we need to close above it at the EOD to maintain the uptrend off the 1253 lows, IMO.

Note how the volume has been dropping as the index drops and increases on the moves up.