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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (45900)7/17/2002 8:30:04 AM
From: John Madarasz  Read Replies (1) of 209892
 
broadening pattern on the 60 minute ndx showing indecision... Rydex confirming

my guess is after this is all said and done here, we set up in more stinking broadening trading ranges into the fall

Seasonality does not point to any sustained type rally over the next few months in any way shape or form. Quite the opposite actually, and it is way to powerful of a force to dismiss in part or in whole. That is THE MAIN FACTOR that differentiates this place in time from the Sept '01 low that everyone is comparing the latest price action to.
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