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You're absolutely right.
Here is the INDU file I currently work with.
Regards,
Tony
<BLOCKQUOTE
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=smokegreenbuds@xxxxxxxxx
href="mailto:smokegreenbuds@xxxxxxxxx">Robert Marley
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
Sent: September 9, 2001 3:14 PM
Subject: [RT] Re: INDU
Tony, hi. thanks for sharing your
charts.Call me silly, but those charts need some more lines drawn on
them. Not enough lines I
think.-RNM--- In <A
href="mailto:realtraders@x">realtraders@x..., "Tony Pylypuk" <<A
href="mailto:tpylypuk@x">tpylypuk@x...> wrote:> Attached is a
101 year monthly chart of INDU with the major trend channels and Fibonacci
time lines from 1932.> > Also attached is a 2 + year chart of
INDU with additional line studies.> > Of interest, is the
fact that the bull market trend channel which commenced in 1982 has yet to
be violated. > > That trend channel intersects with the
support trend line for the current bear market on or about November 26,
2001 at or about 8720 in the vicinity of a 38.2% retracement of the move
from November, 1994 to January, 2000. > >
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