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Strategies & Market Trends : Classic TA Workplace

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To: yard_man who wrote (51205)	8/26/2002 1:08:31 PM
From: AllansAlias	Read Replies (1) of 209892

There is much conflict in the Voodoo Box. I keep thinking that the one place nobody is looking is down. Today, the market is bouncing at such an obvious point that it's almost laughable. Still, I covered some at that point just in case. The thing is, this place where it bounced is exactly where it needs to bounce if this run as another high left in it. Any lower and too many uptrends die. Of course, even if it is headed down, you just know it's gonna make a move here as if that new high is still possible. I do not think this morning's down is enough to get the sidelined and scared bears back into the market.

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