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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (48309)	7/31/2002 12:03:08 PM
From: The Freep	Read Replies (2) of 209892

The Dow is either backtesting that wedge, or it's about to launch. In an oversimplification of the past. . . when bad news like the GDP and PMI were laughed off by the market, rallies continued. I know you find it unlikely (and I admit I do too) but right at this very minute, it's hard to find the action in non-tech bearish. Although squinting at a Dow chart, it's possible that today's low and yesterday's low make a neckline for the H+S, and the Dow's now going up and putting in the right shoulder. Anyway, the day is young, but ignoring the bullish alternative hasn't been a good play for a week now <g> the freep

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