claydoctor
Short

NAS100 AND SPX500 TRIANGLE COMPARISONS

FX:NAS100   NASDAQ 100 Index
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Really weird, from Bulkowski's blog post of 2-27-2008... the comparison of the spx500             and nas100             , and the nas NOT breaking out of its triangle and the spx500             did. The exact same thing happened yesterday. And I quote, credits to Bulkowski. (sorry cannot post the picture of the chart he used - don't know how to do that yet)

2/27/08: S&P 500             Symmetrical Triangle
The S&P 500 index            
Price has closed outside the symmetrical triangle upper trendline , point A, signaling a breakout. I did not connect the low at B because I like the trendline being closer to the two minor lows, but it doesn’t matter much.
The Dow Industrials             also show an upward breakout from a symmetrical triangle. The Nasdaq, however, is still mired within its symmetrical triangle.
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