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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	5/26/2004 12:49:23 AM
From: The Freep	Read Replies (2) of 209892

Good thing ATA is back... otherwise MC would remain the only bull here (and thus, more or less, the only one on the right side of the market for the past 18 months). Y'all know I'm in the "one more down" camp, but at the moment I'd say there's not much to support that, other than one decent count. But divorcing from that count and looking at the charts... well, there's little bearish right here on the Dow daily, for instance, in terms of the indicator soup or price action. Volume remains an issue... but I doubt anyone who was short today really has much to say about volume! I think, like today on the board, we all need to keep targets in mind of where this turns much more bullish. It would be a surprise to me to see the 11 week cycle be a total miss, so I don't see the market totally running away here at all. But there's so many things I don't see coming <g> Maybe we do get an up/down into the cycle low with a higher low. It would be unusual... but everything else has been unusual of late, too. Tooooo many crosscurrents going around. I'm not even ASKING for clarity. the freep

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