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Strategies & Market Trends : Classic TA Workplace

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To: velociraptor_ who wrote (12199)	9/5/2001 10:47:19 PM
From: AllansAlias	Read Replies (2) of 209892

Yup. I see no reasonable way to avoid testing the lows. When a technical target gets this close, the odds favour heavily that it will be kissed. Today's down was orderly and polite. Although the p/c measures are spiking enough to make me fear a s-t pop, the overall p/c open interest is unchanged! Fear? Don't make me laugh. Something's a brewin', you can feel it. Art Cashin said something today that was pretty funny and apropos: This market is like a two pound chicken trying to lay a three pound egg.

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