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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (4661)	6/12/2001 9:12:48 AM
From: Perspective	Read Replies (1) of 209892

Well, barring some miracle, BTK will yield the support line today. This appears to be a pretty significant break. Coupled with the NOK news, we may have the catalysts necessary for this thing to start rolling. As usual, everything depends upon fund flows, but I think they're becoming less and less of an issue with passage of time. The funds got a shot in the arm from everybody who didn't want to "miss out" on all the upcoming fun. We'll see how excited they are about being involved in a retest. We look poised to open right at or below yesterday's low. If we take it out, I'd assume we're in a fifth wave down. BC

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