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Strategies & Market Trends : MP - Market Pulse

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To: HairBall who wrote (984)8/1/2001 10:22:00 PM
From: bobby beara  Read Replies (2) of 1328
 
LG, i just signed up for stockcharts extra, here are some playthings -g-
the wedge is at resistance, the SnP at horizontal resistance
<img src="http://stockcharts.com/snapshots/1158667.png">
the bullish case for a breakout happening soon, the nikkei looks like it has or is in the process of completing five waves down, double bottom - need to break the falling channel, a lot of tech wrecks have this same wave count, jnpr, emc, nt, jdsu and many others.
<img src="http://stockcharts.com/snapshots/1158869.png">
the st bearish case, looks like five waves up from the swing low a week ago, and we are due for a pullback, inside the wedge, while the count looks clean with an extended wave 3, need some reversal stick to confirm it.
<img src="http://stockcharts.com/snapshots/1158725.png">

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