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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (45717)7/15/2002 2:36:08 PM
From: AllansAlias  Read Replies (3) of 209892
 
NASDAQ dispters getting whacked now -- the ones that bought the rally last week. Pushing 80% retracement and that's usually good for a bunch of stops.

Still reading traders looking for EOD rally. Geeze.

SPX 873 test in progress as earlier posted.

Given breakdown action, that MSFT coil looks real. Target there is unchanged for weeks: around $43.

BAC breakdown continues, making that geenormous wedge look real.

BKX coming up to the previously discussed support at 740.

Dow? Well, I guess they could hope for a double-bottom at the September lows. Didn't work out for anyone else.
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