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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (83980)10/9/2003 11:43:35 PM
From: The Freep  Read Replies (1) of 209892
 
mc -- of course I follow the AAC! (In college basketball I follow the ACC). As for intriguing patterns... long or short both work fine. I've got some of each these days.

GE will be interesting in the morning. A gap down that holds would make it look like that H+S is real. I can't say it's a pretty chart. Nor is JNJ. But then we've got HD and CAT in the Dow. MSFT is also potentially ugly -- a gap down gives an island reversal and starts to make that H+S look better. But again, how many times have we seen potential? Gaps below will get filled... even the AAC agrees... it's just a question of timing.

PPI and Trade Gap in the AM. GE probably matters more.

the freep, pretending tonight's game didn't happen
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