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Strategies & Market Trends : Classic TA Workplace
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To: Paul Shread who wrote (16348)10/12/2001 11:45:04 AM
From: AllansAlias  Read Replies (1) of 209892
 
Interesting contrast. In the wide picture, smelly is still under the wider tech market. In the wiggles, it's sporting a series of lower highs that looks most like a bullish flag. However, the NASDAQ is sporting a series of marginally higher highs that looks very weak. For us to spill out of this NASDAQ wedge (if that is indeed what it's doing) we have to look at the SOX as doing something other than a bullish flag -- i.e., we have to look ahead and see what it really must be doing.
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