Stocks - breakout, or next leg down?

In case any of my fellow astronomers find charts interesting, I personally find trend analysis interesting (this is a highly complex form of analysis that can be done by anyone who can draw a straight line with a ruler).

The nasdaq just bumped off the top of its 3-year-long downtrend channel on the logarithmic scale. If it gets to a new high at all from this point, it could mark the end of the bear market on a trend-channel basis. If it fails, well...

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I like your post so much that......

http://www.astromart.com/messages.asp?forum_id=74

Will try it for a while and see how it goes.

Thanks
Herb