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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (5639)	6/22/2001 11:36:00 AM
From: AllansAlias	Read Replies (4) of 209892

Getting all manner of small failures now, particularly in non-tech. Might not mean anything, but again, it's anotehr sign that the manic bullishness of the last few days is not well-founded. Watch SOX: Is it going to fail back through the DT line coming off the June 13 high? It broke thru this morning. I would count below 592 as probable failure. (Got out of my short too early, but I am trading under the assumption since the open that we are in jello. I want to pull the trigger on a downside surprise, but that's just a gut thing and there will be lots of time to bite some out if we see this thing give a little more to confirm hell in a hand-basket -- i.e., that up scenario is dead.)

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