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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (8845)	8/2/2001 4:20:15 PM
From: The Freep	Read Replies (2) of 209892

What's your line in the sand, JRI, that separates this from April and makes it February? 2105? (in danger of a gap over opening if that silly rumor proves true)? S+P 1225 was breached. 1240? I'm just curious. Like you, I see no fundamentals to support a rally. And sure, it may all be gap up action (though we did run 25 points back up off the low). But. . . it's up, no matter how tortured it may be, and we finished above that big old wedge that's contained us for a looooong time. Headfake? Could be? So what # defines it for ya? Employment numbers out in the morning, too, don't forget. Maybe that'll rule the day. . . or maybe the phantom tech upgrade will. Or something else entirely. the freep

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