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Strategies & Market Trends : Trading From Main Street.

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To: Brandon who started this subject5/13/2001 4:10:20 PM
From: Brandon  Read Replies (1) of 226
 
Going into Tuesday I would expect today to be a rather dull day. After Tuesday the market is going to have to find something to look forward too, or a trip to the old lows is not out of the question. Todays setups will come mostly from the weekly charts as we are starting to see some very nice bear flags. The market right now is really reminding me of the action we saw last summer. Strong rally off the bottoms, everyone upgrades everything and the retail crowd starts to dance and kiss strangers. Then we go sideways for some time, and...with nothing left to look forward too, the market goes to the tank. A lot of things outside of tech are looking fine...but tech looks vulnerable.

Brandon
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