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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (121544)7/7/2005 3:09:25 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
DOW being led by CAT.....aaand...IBM!

CAT has been, and remains in a strong technical position (I've even speculated here that it has much higher to go...g)

IBM ....hope the Freep is listening.....taking out a 50d which FINALLY seems to be turning around...Also moving close to taking out its May/June highs.....whereupon the bullishly inclined might see the break of an ascending triangle, which might measure up to close that juicy gap at around 84...Miracles CAN happen...LOL
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