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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (44327)7/3/2002 10:19:05 AM
From: AllansAlias  Read Replies (2) of 209892
 
Watching smelly more than usual these days.

*wiggle chart*
This morning, that hard little run off the open looks like a little expanded flat going back to yesterday at 15:30 or so. This would be confirmed very shortly if that is the case as it should not want to stop here at all on its way to printing a new low. This read conflicts with the waggle read below.

*waggle chart*
Working back to a slightly wider timeframe, say, a 45-min chart, yesterday-this morning is the first pause in the strong down off the June 28th high. It seems awfully quick for a correction to be done already. In this timeframe, it smells like it should make a run to 360 to complete a flat.

*daily/weekly*
Yesterday was an awfully cute test of the September lows. That will never do.

BTW, do you have an update for the QQQ option activity?
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