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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (5166)	6/15/2001 8:22:48 PM
From: JRI	Read Replies (1) of 209892

UB- Nice catch on the Sept. downtrendline as resistence.....where do you put that downtrendline on Monday? I am thinking that a 2nd touch of that line may take place (which may approximate COMPX 1974, which would also be a 50% Fibo of the move since from April low-May high). Pretty nice intersection of 2 important points. Given how much we've sold down, that might be a good spot to look for a bounce, if we don't head up off the bat on Monday....if I had my druthers, we would head to 2100 in the morning.....trying to do the bi-polar thing here... (BTW- Things look nasty if that COMPX 1974 goes on Monday, and a soon retest not out of question)

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