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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (48292)	7/31/2002 10:48:19 AM
From: AllansAlias	Read Replies (4) of 209892

Warning to all shorts The Dow has put in a top by all sorts of technical measures and techniques. It now needs to point down hard or it's a trap. We now have a putative H&S on the Dow that should resolve to the 8300 area. Warning: If this H&S starts to break but breaks weakly and does not get to the measured move with pace, then imho this is a trap and the Dow will put in a wave 5 up to that 8890 area (the alternate count off last week's low). BTW, nice trade BC.

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