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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (47447)7/25/2002 12:00:46 PM
From: AllansAlias  Read Replies (2) of 209892
 
How Dow may bow:

*premature wiggle alert*

I know we look for them too often, but if there ever was a time to be on guard for it, now would be the time, as when they do appear, it is normally after a monster pop. This move in the Dow could terminate with an ending diagonal. Take a look at, say, a 20min chart and you'll see we'd probably be in 'iii' up of said ED. Not trading non-tech, but it might explain the overlap we are seeing there.
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