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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (43789)	6/28/2002 1:44:33 PM
From: AllansAlias	Read Replies (2) of 209892

Did I miss anything over the lunch hour? -g The price action at that obvious strong s-t resistance (per my discussion/chart with Bobcor) is what I was talking about this week: a place where shorts would jump in only to get their ass whopped. It's too early to say, since all we have done is gone sideways for a while, but it did not fade and if we should pop here over SPX 1002 or so, I expect it to take out a significant number of short stops. That putative Dow wedge that s-t bears are seeing is another example I think. Imho, for two weeks we had a lot of amateur shorts making good money. Markee will want some of that back.

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