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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	6/22/2002 4:06:34 PM
From: skinowski	of 209892

Onischka on INDU... DOW support is at 9200, the next one is at 9000. On the upside, a break above 9275 leads to the next R at 9478. Nice charts. Please note the chart showing the extreme spike in the put/call ratio. Yes, you can see that on previous occasions this has preceded a rally. For the first time in a long while I hear people discussing the immediate possibility of extreme volatility - and extreme drops. IMO, that shows that at long last the fear is becoming real. When people begin to sense that an abyss may open, that’s the real thing. Decision point should be arriving soon. Translated version: 216.239.37.120 edit: Seems to read the daily chart as an ED... Apparently a break of 9000 kills it.

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