Replies to post #1501 on Short Term Trading Member Forum

[chris3403]

denmo83
I sure hope you aren't asking me.
lol
Have a gooden
chris

[BlissBull]

denmo - Congratulations! Great chart... it confirms a lot of indicators and sentiment measures that this is an IT bottom.

[techcharter]

Denmo: compq chart

There is another set of channel line I'd like you to add.

Start with the April '04 highs and draw a downward sloping line through the Mid-June consolidation around 1980 level. Draw a parallel line starting at the May '04 lows.

This channel would show the market gave a head fake higher and is returning to a longer term downtrend.