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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	10/18/2002 6:27:41 PM
From: The Freep	Read Replies (2) of 209892

Is that a hanging man on the Dow chart? What about the SOX? And does the pattern on the MMM chart have a name? I'm most curious about MMM as they report Monday BEFORE the open. Can you say "Dow impactful event?" Now, MMM has been bulletproof -- and avoiding the "it's the highest priced stock" conspiracy, the reason why is that they have been delivering steady, if unspectacular, growth. Valuation justified? Of course not, but if people want it then it'll go up. You may recall the MMM CEO waxed worried about the dock workers strike. Was that just posturing? Or will there really be an impact in their Q4 look? We'll know on Monday. . . . the freep, again without answers

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