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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	8/20/2003 11:44:16 AM
From: Henry J Costanzo	Read Replies (1) of 209892

Negative aspect of move to new highs has been the lag in the BKX...Latter has even been looking like it was in the process of forming a H&S top. Looking at the components, that pattern seems to be reflect only the movements of C .....which has the largest weight in BKX. But C does not have a volume pattern which would support a H&S - and looks like it may be ready for a move up.............Today's action, both in C and BKX, giving some signs that all this may be changing and that they may be moving into a leading position again. Believe this is pretty crucial, and bears watching closely........

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