Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (46687)	4/4/2002 12:49:10 AM
From: LTK007	Read Replies (1) of 99280

this comment answers sting-ray question about this matter 3rd test of UP trendlines in many indices suggests an eventual violation of those trendlines. >>>> the saying is "Knock three times on it usually CRACKS in the direction of the knock." This is where i am going to be a party pooper and say, no, it will NOT happen this time. I can see an effort, and a brief violation of up trendline. But i think it would be a bull-trap "blow-off". I have found cases where a violation of the UP trend line is a "blow-off" precedeing major sell-off.

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