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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (122964)	8/16/2005 12:00:39 PM
From: The Freep	Read Replies (1) of 209892

I gotta say, JJ, despite the break of that XOM pattern, that daily is not real pretty. An evening star in the candles, and a failure of ADX (or any indicator, really) to confirm the breakout. If it gets back in the consolidation zone, I'd say it's more likely a short, as it's sporting a kinda triple bottom. Still, today is likely the re-entry for those who belieeeeeeve! the freep

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