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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (125709)	11/2/2005 2:25:30 PM
From: The Freep	Read Replies (3) of 209892

MC -- there's also a wee gap on JPM down around 35. And I think there's an old downtrend line to test there. But I have to say I see no reason to believe it'll go there. There's a big difference between a stock taking a breather and a stock dropping 6%. JPM moves slowly (even most of this up has been in smallish chunks), so it'd take quite a bunch to move it to 35, I think. I don't really believe the fate of the market is either controlled by JPM or linked to the JPM chart... but looking at it, I do think it looks bullish moving forward, and somehow I think that's overall bullish, too. But you really need to have a converstaion with IBM soon and explain what "bullish" means! the freep

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