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Strategies & Market Trends : Classic TA Workplace

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To: Moominoid who wrote (57791)	10/25/2002 6:25:23 PM
From: Shack	Read Replies (1) of 209892

I don't think that is an ED on the COMP, none of the other indices are confirming. But it is most definitely a wedge which is bearish no matter how you slice it. I doubt we break through the top given the action in the SOX which most certainly needs at least a brother 'c' down to go with the impulsive down action from the 24th ( I like the SOX for tech counts, I find it almost always counts cleaner). Anyway, this waver thinks we go down for a spell next week, its why I'm wiggle short. But I also believe there is something coming to the upside and no I don't think it is any epicentre of '3'. Sentiment is not right, everyone and their mother wants to buy the dip (except tippet of course-g). Cheers

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