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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (49601)8/9/2002 1:28:19 AM
From: Dana Johnson  Read Replies (1) of 209892
 
I have no claims to fame... there are a few point and figure charts that suggest we are at an important decision point. These indices are at resistance:

stockcharts.com

stockcharts.com

Nasdaq is looking weak but well below resistance:

stockcharts.com

I think that the action tomorrow will tell us a lot about the dow and the broader market. Since the trend is down, I am expecting a reversal...

dana
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