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Strategies & Market Trends : Classic TA Workplace

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To: Jerry Olson who wrote (86663)	12/1/2003 3:21:28 PM
From: Henry J Costanzo	Read Replies (1) of 209892

<<........broke a major top......>> I know, OJ.......and my longs have enjoyed that......but in EW - unlike PnF...g - new highs not necessarily inconsistent with B corrective tops.........Also, in regular TA, new highs failing to breach lower uptrend line in a wedge are not necessarily meaningful.......And re SOX, quite a pullback from this AM's high and the low about an hour ago ( some 12 points, and SOX still just barely green.) And BKX has not yet obliged with a new high... Promise you....you'll be the first to know when I throw in the towel on my correction theory.......<VBG>

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