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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (40553)5/29/2002 10:43:14 AM
From: AllansAlias  Read Replies (1) of 209892
 
Voodoo Box is pumping out bearish Dow scenarios. That thing is gonna give, we all knew/know that. PG is now under it's year-long up-channel -- not bullish that! There are other breakdowns.

Dow just now is trading under the Down channel out of the May 17 high. I'm guessing it's a probe.

No change in Dow outlook. The bounce into mid-May is a 'B' in imo and we are now into the 'C' down that should be the hard ride. Alongside a sliding Dow, eventually, will be my awaited breach of the Sep lows in tech.
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