kedew - Go to stockcharts and pull up the $COMPQ 6 month daily. Hit annotate below the chart. Now place a line on the tops from April to Aug. Place a parallel line connecting the bottoms. Now connect the tops from Aug high through Sept high. Place a parallel line below this line connecting the bottoms. You should have a clear uptrend channel and a clear downtrend channel. We will not go up untill we break the top downtrend line. If we stay in this downtrend channel we are going down. Just watch this chart and stay calm. Should you have any questions just ask me.
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