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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (58085)10/30/2002 4:51:38 PM
From: Shack  Read Replies (1) of 209892
 
And they have served 'C' well up up to this point. Nothing lasts forever.

The amount of resistance at $38 is astounding. It is the top of the wedge, it is the April dt line, it is also huge horizontal S/R going back over 4 years.

It is also exactly a 50% retrace of the Jan 2002 dump and precisely where the large red A=C.

It is a near perfect set-up IMO.
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