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easy - I agree that a very LT channel short is on the horizon... but I think we are in the end effect zone and we might see the July highs challenged into the end of the year. We've been short since about Aug 1 - with the left side getting set in late Aug. That trend may be ending soon with...

Coarse + DOM were saying the same thing.

easyrider entry coming up :)

Well put icarus.

looks like we got our pt3.... sheeesh so sloooooow

this is gonna rock your STOPS off :)

the short channel had a traverse left in it... book is starting to show long

looks that way to me...

all the shorts gonna get squeezed!

Looks like we are going asymptotic to the IT LTL -- in other words the ST long that started yesterday is curving as it gets closer to the LTL.

News is over for the day http://www.nasdaq.com/econoday/index.html

For me its definitive from a sequence standpoint.... where are we? what's next? how fast is it happening?

I love it when the market is definitive - makes things so much easier.

It's impossible!

Agreed - It looks as if we are bumping into the RTL of the IT short... anticipate an eventual break short... carefully consider breaks longs as possible FBOs.

Genius!!

WWT!

the question in my mind: After that pop up do we slalom on R or is it a turn???

Jack - I have a hard time determining when the ST trend will slalom along S or R (like yesterday). I have some rules of thumb for this that basically have to do with the position and direction of the ST channel in the IT and LT context. Are there other clues to knowing when you'll get...

Take a look at the 30/60 minute chart around 4/20/04 as part of your pre-flight for tomorrow. http://www.nasdaq.com/econoday/calendar/US/EN/New_York/year/2004/month/04/day/20/daily/speeches.html