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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (67187)	2/25/2003 10:02:29 PM
From: AllansAlias	Read Replies (6) of 209892

Nice trading today D. You now seem to favour the "big C" no? Today's action is bullish. The folks who thought we had a H&S on NDX, and there were many, saw us gap down today under the putative neckline. That should have signalled the start of ugly down. Instead, we found new buyers and rejected being down there. I also think gold is on the edge of an ugly breakdown. HUI can hardly go down from here without going down a long way. If they work in concert, equities will run hard. I also think the dollar wants to 104 from here. The only disconcerting notes are the new lows on international markets and, perhaps, the transports, although I do not think that aspect of Dow theory can be applied to these smaller timeframes.

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