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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (48707)8/2/2002 12:08:24 PM
From: The Freep  Read Replies (1) of 209892
 
Allan -- you had spoken of a BKX break of 723 on the way down being key. (I'm not actually sure why, I admit). We have that. And now the BKX is right above a gap, as well. From my nebbish TA point of view, if the BKX is gonna do any sort of a retrace from the July 24 low, it's still got more to give, adn that gap will be filled. If that 20% spike was a complete correction and your target comes into play? Yikes.

the freep
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