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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Warthog who wrote (36136)7/2/2000 11:03:56 PM
From: Doug R  Read Replies (3) of 79383
 
Wart,<p>
IARC:<p>
Ideally, the bottom should only last 4 or 5 days at most. IARC really should have taken off on 6/26 or 6/27. The extended time in this compression area adds to the risk. I wouldn't take any quick dump to be a shakeout.<br>
It might take off but the longer it waits, the chance of it just tanking or head-faking to the upside befor tanking increases.<br>
Check out MCLD...2nd day of a compression low.

Doug R
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