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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (89677)1/19/2004 4:48:37 PM
From: jjstingray  Read Replies (1) of 209892
 
Shack, what is your take on the market. Lots bullish, bears down to a minimum, and my favorite chart is showing some problems for bulls.

stockcharts.com[h,a]daclyyay[dc][pc10!d20,2!f][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14][J9854748,Y]&pref=G

I am having a hard time finding any bearish charts, and the ones I do find and track, well, hell, they just keep going up and extending the "B" waves they are in. Very frustrating if you are short for sure.

Regarding touches. Look at SEBL in the June/July period. We both played the wedge on that one, it only had a three wave move. Hell, there are lots of times you only get a three wave move in a wedge.

stockcharts.com[w,a]dhclyyay[dd][pf][vc60][iLb5!Lb14!Lh5,5!Li10,10!Lp14,3,3!Lah12,26,9!Ll14]&pref=G
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