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Strategies & Market Trends : Classic TA Workplace

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To: orkrious who wrote (70427)	4/4/2003 2:32:19 PM
From: bcrafty	Read Replies (2) of 209892

okrious - so no big C for you, huh? <g> "the top is in" Duly noted, and I can understand your reasoning. "the economic numbers are going to start weighing on the market" I agree, but as to when that will happen is still up in the air. "....which is why that's where we're headed" This may be the crux of our difference of opinions, as I think that the big boys are not finished playing with us yet, and evidently you think they are. Personally I find it hard to play contrarianism in and of itself, and look for chart patterns and other nuts & bolts TA to tell me when the trend is ready to change (rising wedges, etc), and I note the VIX certainly doesn't say that a top is in today; it's last bottom was around 26ish. BTW, what do you think of the eerie correlation of the Bradley model's turns with the actual Dow movements in recent months? The swing between mid-April and late June of this year is particularly interesting, IMO. boomspeed.com

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