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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (78560)8/6/2003 5:29:07 PM
From: Shack  Read Replies (2) of 209892
 
I suspect we bounce soon yes, but after today's close I am very close to being on board with the top being in.

The internuts lead this thing up and I think it will be a good clue as to when the broader market tops. Well the $DOT gapped down clean over a H&S neckline this morning. I thought it might prove to be a headfake and recover but the close has me rethinking that. For now that chart looks majorly hosed and I will be shorting some of those pigs on a bounce. To your point though, I can't see that much of a bounce there or the H&S would hound.

My problem with a top being in? As has been mentioned all too many times...Smelly looks OK/bullish. That's a big discrepency.
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