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Chartman's Techniques: Breakout, Drawing Trend Lines and Astrology
Many, many technique questions in the past few days, so I thought I'd take a brief time-out to wrap up some of your queries.
The first question, sent in by quite a few readers, revolved around the "breakout" of the downtrend by the Nasdaq Composite Index this past Friday. Recall, I said I'd be bullish only if the downtrend was broken, and not a moment before.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
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UP
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UP
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DOWN
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