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Strategies & Market Trends : DAYTRADING Fundamentals

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To: OZ who wrote (14263)9/24/2001 7:11:40 PM
From: TraderAlan  Read Replies (3) of 18137
 
Oz,

I agree with you on the technicals, at least short-term. But I also respect the 400 million lb gorilla the US is taking on. Guess this will be a classic test of the power of TA <g>.

Interesting thing: notice how the post 9/11 action was just a continuation of a trend already in place on the charts? Almost same angle, good wave motion, the whole 9 yards. A gap right at 50% of the move. Then again, news stories indicate some "insiders" were trading ahead of the news.

Problem is that it is a picture perfect 3rd wave. And we know what follows a 3rd wave, don't we?

Alan
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