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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (92823)	3/8/2004 4:05:15 PM
From: The Freep	Read Replies (1) of 209892

So MC -- you say a triangle doesn't fail if price breaks above then falls back in? Are you waiting then for the lower line to go (or the prior low to fall) before calling it a failure? TRIN and TRINQ support a bounce here, but I seem to recall similar thoughs on Friday. I fail to see anything bullish about today. Dow closing under the 50 DMA for the first time since November (where it quickly rallied). Volume a little lite in some issues. But seems to me there was wholesale selling across all sectors, with the semis leading the down. Not a good thing, is it? the freep

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