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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (128924)2/2/2006 3:48:05 PM
From: The Freep  Read Replies (2) of 209892
 
Ya know, I mentioned "lack of leadership" from the oilers, but I should note that XOM's decline off the highs hasn't exactly been the type to strike fear in a bull's heart. A channel, really, and the attempt to drop below it was quickly repaired. A gap fill there, too.

Likewise, IBM, which I bemoan often, doesn't have a heckuva lot of volume to the downside, even though I still hate the look of that chart.
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