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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (51430)	8/28/2002 2:11:33 AM
From: Shack	Read Replies (3) of 209892

Is everyone really waiting for another high to short Freep? Looking at Rydex, Tempest+Ursa assets are as high as they've been in a couple of weeks. Tech bear funds are not as inflated though. I too find that little SPX H&S kinda laughable only because even if it is real (which I think it is), it is resolved at just under 900 and we are done with it. Whoopee!-g/ng I agree that we don't get the 5th bounce there. As for the large H&S on the SPX, take a look at a a daily of SYMC to see how long a test of a neckline can take. One more quick note. Banks are indeed important to non-tech but don't forget the DOW topped out two months before RUMX in the spring. I don't think weak financials are a prerequisite for a non-tech tumble...but it sure helps. Just some late-night musings.

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