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Strategies & Market Trends : TA setups-ex th traders

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Nov 21 4:00 PM EST

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To: CraftBrew who wrote (6565)	4/28/2005 10:54:01 AM
From: cthruu	Read Replies (2) of 7682

The most difficult decision for a trader is to stay out of the markets. However, sometimes it is the best decision. Yes. AAPL looks quite tempting. on daily chart 200 MA becons at 29.50. This hourly chart shows kind of ascending triangle. ttrader.com\'s%20charts&id=879&d=2 However, there have not been any follow throughs and they are all stuck in a rut. Even the surest looking setups are not working. Look at LEH the other day on 26th - looked like a sure reversal stick. They opened it lower on 27th and moved up, making a bear trap and taking out the upper stops. Anyone caught short would have lost. Everything looks like bear flag. ANF is same. I do not know where it will go. I am just watching. I do not have confidence in the markets and this is a bad time to trade - at least for me. Just my two cents :)

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