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Strategies & Market Trends : Classic TA Workplace

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To: Tradelite who wrote (30999)	2/13/2002 11:23:04 AM
From: The Freep	Read Replies (1) of 209892

So, Dow got to 10K. . .the top of its expanding triangle. Now it's pulling back, and not that drastically either, yet. The Naz hit into that 1860-80 level a lot of folks thought was a likely top for this runup. It fell hard after (and actually stopped its advance while the Dow and S+P rallied to their respective highs). It's almost as if the market was trying to lather up the chart chasers. What clues are you "smarter than the Freep" traders looking at here to see if this advance is now complete. . . or we're merely taking a deserved breather? I'm trying to watch the former resistance spots to see if they're now support -- but 1118 on the S+P, for instance, has not proven its mettle. Any other semi-obvious keys to watch? the freep (who's now mad at JRI, cuz I really only typed this to get that 31000 grub)

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