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Strategies & Market Trends : Classic TA Workplace
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To: cybersaavy who wrote (129034)2/4/2006 2:50:30 PM
From: skinowski   of 209892
 
The interesting thing here is that - when examining it closer - the decline seems to have been an impulse:

stockcharts.com[p,a]daclyyay[d20041004,20060204][pb50!b200][vc60][ila12,26,9][J68785862,Y]&listNum=1

I have a problem with the rally since October. It could be an ABC, but it could also very well be an impulse. Will have to watch it. Seeing clean impulsive (hourly) down moves into the sub-40 level would suggest waiting for a bearish setup.
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