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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (71947)4/24/2003 12:59:07 AM
From: The Freep  Read Replies (4) of 209892
 
mc -- you aren't being cute at all. i agree that how the BKX handles the 800 area will tell us a ton about whether this is a rally that's got more legs. I would expect a pullback here, though we may go a few points higher first. 803 area is where C = A (if this is a C up), and 806 is another recent high. Still, the question is what happens then. I have no real idea, to be perfectly honest. My gut tells me the banks are gonna fall and lead the next down, when it comes, and take out the recent lows. HOWEVER, my gut isn't saying whether that comes from higher levels... and my chart reading isn't telling me anything conclusive either. I was hoping YOU could solve it, mannnnn.

the freep
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