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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (82740)	9/24/2003 5:28:19 PM
From: marginmike	Read Replies (3) of 209892

shack i am starting to agree. As I said a few days back was that my big worry was that the breakouts were bull traps, and that they were way to many dow stocks with huge moves being telegraghed. EIther we were going much higher or breakouts fail. Charting usially fails at inflection ponts IMHO. As it did in oct when we broke every form of resistence only to reverse to the moon. Here also as charts are givng the all clear we fail and head back down. SO far GS/IBM have failed, PG Qcom close I see enough failing breakouts and I think this is over. BKX at 860 and I think its game over for the rally

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