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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (38461)4/30/2003 9:13:49 PM
From: sun-tzu  Read Replies (1) of 57110
 
-g- you asked :)

i'm not gonna deny, and haven't, the strength of that read. to play devil's advocate, some would argue that multi-level attempts at key levels, ultimately favor breaks with the attempt. a double top is a different story.

additionally, volume on up days has been far stronger than volume on down days. time and time again, recent market action has not followed the TA read. i continue to view that as the most important divergence of all.

until action realigns with TA, i think you have to fade the obvious reads. again...jmo and i'll jettison my garbage without a second thought if i'm wrong.
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