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Strategies & Market Trends : TA setups-ex th traders
DIA 469.28-0.8%Nov 6 4:00 PM EST

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To: Henry J Costanzo who wrote (3752)10/8/2004 11:30:59 PM
From: robb3267  Read Replies (1) of 7682
 
The Dow is forming a triangle...

stockcharts.com[h,a]dhcayiay[dc][pb50!b200!f][vc60][J35645554,Y]&listNum=2

The Comp is ping ponging between the 50 and 200 day...

stockcharts.com[h,a]dhcayiay[dc][pb50!b200!f][vc60][J36750751,Y]&pref=G

Here's my take on BRCM....forming a symmetrical triangle...can break in either direction. Near term sell pressure in the semi's may be due to tax loss selling by funds. Would only consider entry should the Comp be able to forge out some type of higher low next week.

stockcharts.com[h,a]dhcayiay[dc][pb50!b200!f][vc60][ila12,26,9][J37191822,Y]&pref=G
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