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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (70090)	4/1/2003 12:55:48 AM
From: Perspective	of 209892

One other thing - the vigor of the war rally should be respected. So far, we have a low volume retracement of it - exactly the kind of thing that you'd expect of a head fake. It has probed below some important levels, but it has to prove itself. Then maybe I'd get interested in selling a rally here or there. One must ultimately decide whether the market is trending, and go with the trend, or if it is ranging, and take positions against the moves. I haven't seen anything trending reasonably well in months on anything but the smallest time scales. BC

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