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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (98230)5/29/2004 3:11:17 PM
From: Shack  Read Replies (2) of 209892
 
Yeah, the 98 area is key I agree. But when I look at the weeklies of JPM, C, and ONE, the powerful move off their highs sure looks like an intermediate to longer term trend change.. Those 3 charts are 3 of many which are keeping me off the long side here.

Of course if they're all just doing 'B' ups here on the weekly then they could run a long way still. If they're doing '2's then the bull is indeed likely dead. Place yer' bets.

But what I think is quite likely is that the first wave off their highs will not be the only one.
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