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Strategies & Market Trends : Classic TA Workplace
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To: NOW who wrote (70780)4/7/2003 6:39:58 PM
From: AllansAlias  Read Replies (1) of 209892
 
re: LT OEX chart

In any case, it would not be a "Hound". I think you are referring to a "failure". As regards a failure, well, it closed on the line so we didn't learn much there.

Certainly it is not a bullish close -- that goes without saying. Still, I would not have expected the escape from the all-time bearish channel to be a cut and dry affair. When it does happen, I expect few here will call it bacause the market will make it hard to get aboard -- it's bound to throw us a curve not in some textbook.
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