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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who started this subject6/24/2002 5:57:35 PM
From: ajtj99   of 99280
 
Most of the shorter term charts say this afternoon's high is a local top for the next day or two (or twenty).

Lots of oversold pressure was relieved, and that's what was needed. The adjusted daily falling resistance line projects a bottom sometime next week if the price action stays in the falling wedge. When the wedge breaks, an explosive move up can be expected.
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