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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (131161)	3/24/2006 1:51:45 PM
From: The Freep	Read Replies (5) of 209892

I gotta tell ya, MC... I continue to be underwhelmed by the indices. While there's lots of counts that have us in a 3 up of some degree, the market is churning instead. Not three-ish, really. Sure, we're not going down with vigor, but moves to new highs or even smaller breakouts like INTC's try over its downtrend line or even HDs move to new highs, are met with defeat. That's not the sign of a 3 of any degree, is it? Perhaps some wave finished and we're already in your 2/ii or something else? And, of course, the EDs remain in play, though one would expect serious down if we'd hit that ED top... and we're sure not getting that.

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