Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: John Pitera who wrote (49120)	12/19/2000 1:55:57 PM
From: pater tenebrarum	Read Replies (1) of 436258

John, i certainly would agree...these charts do not inspire confidence imo. which makes it all the more astounding that confidence seems fairly high. the triangle you're spotting also contains the down-trending 20 and 50 -dma, which lately have rejected all rally attempts (SnP)...even the 200-dma has turned down, and price is now below all three. note also that from an e-wave PoV, the rally sequences seem corrective in nature. and the huge one day moonshots that are given back over subsequent trading days are typical bear market action.

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