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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (36427)4/18/2002 4:31:43 PM
From: 4rthofjuly007  Read Replies (4) of 209892
 
>>Softie needs another low imho<<

Well, there you go. AA, could you tell me where the lower line is? Is it around 52-53?

Also, do you have a read on the decline off this years high? Looks impulsive to me but I am not too good at reading that. I am trying to figure out if softie will set an IT low here after earnings or if it might be in a 3 down and we might have a 4 with a 5 to come in May. I am intrigued that we have GDP on 4/26 and see it as a potential catalyst for us to finally get a volume/sentiment confirmed IT bottom. Man, these NDX shorts I have been holding for over 5 months are getting cobwebs<g>

<edit>

If we DO get that low in MAY, that tommybear scenario is still just unbelievably unbeliebable.
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