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Strategies & Market Trends : Classic TA Workplace
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To: patron_anejo_por_favor who wrote (9744)8/10/2001 10:45:22 AM
From: AllansAlias  Read Replies (3) of 209892
 
They gotta do something here 'cause the S&P is at the bottom of the range it's been in since the beginning of June. This makes this spot a poor short-entry. The range may break, but that would be unspeakable for the equity bulls.

SPX range:
Bottom set: June 11 around 1168
Top set: July 19 around 1225
Bottom test: July 24
Top test: Aug 2 (during the great "wedge breakout froth-up")

So, we have a double-top and a double-bottom. Place yur bets.
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