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Strategies & Market Trends : Classic TA Workplace
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To: ajtj99 who wrote (89698)1/19/2004 8:07:27 PM
From: SwampDogg  Read Replies (2) of 209892
 
FWIW the market looked like that at the tops in 2001 and 2002. This is probably just a bigger hook and therefore far more convincing. Charts look bullish until they reverse and look bearish and this can obviously happen when everybody least expects it.

Still looking at the likes of KLAC and AMZN and they are still about where they were 3-4 months ago but everybody is all lathered up. Money has certainly rotated into telecom crap and that is probably a sign that the 50% retracement level on the $SPX is well worth watching.

Flat here and watching the indices. See the action and comments of the last few days as great evidence that Wave 2 is just about done.
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