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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (123139)8/20/2005 4:53:51 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
<<.... a 4 year old trend suddenly turning..>>

Thanks....those last two posts of yours particularly interesting.

Just want to say I was simply passing on FWIW those "sentiment" comments from Barron's. As you know, I hardly know what VIX is.....let alone comment on it.....and same with most other "sentiment indicators"....

Also, not at all sure that what I'm looking for when I say "topping" here amounts to "a 4 year trend turning".....But that underscores that I guess I really need to do some work on how much of a decline I would be looking for, and how it would fit into the longer-term trend picture.

And to further clarify where I stand.......I trust you are very clear that I do NOT have any views which would warrant entering any BETS against any opposing views of yours..!!....LOL

PS... Re IBM, think I posted (or PMed to somebody) call for filling gap and moving to 84 area after ascending Apr-Jul triangle breakout.....I've been assuming it's still facing quite a bit of R around the 84/5 area........but Friday's action and volume very interesting.....and, as we say "bears watching".....g
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