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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (38463)5/8/2002 4:35:53 PM
From: skinowski  Read Replies (1) of 209892
 
It's not impossible that today's move is the opening salvo for a sister move. Unlikely, but who knows... got to keep the mind open.

I find it interesting how Mr. Market keeps inventing 'hard to trust' bottoms... like March-April, and then September of last year. Almost strange... like it's done on purpose, so as to keep longs from getting in too fast. This one, with a (possible) strong breakaway gap, would be a new version.

Having said that, my 'preferred' scenario is not bullish, more along the lines you were showing... But the $33 area on the QQQ's and 1320-30 NDX are very strong resistance, and should tell the story.
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