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Strategies & Market Trends : Classic TA Workplace
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To: ajtj99 who wrote (121200)6/29/2005 12:19:12 AM
From: Shack  Read Replies (1) of 209892
 
Your scenario for the COMP makes sense to me and is very possible, I will keep an eye. That scenario effectively means jell-o up for a while and then another dump..at least

However take a look at the $GSO daily and tell me what you see (too lazy to post another chart). I have keyed off that chart many times with success and I see a clear a-b-c correction there. As such I think the COMP simply made an irregular (B) high.
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