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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (131389)3/28/2006 3:11:54 PM
From: bcrafty  Read Replies (1) of 209892
 
Freep - yes, it's those damned short term traders trying to make it look like Armageddon suddenly arrived. <G>

Good for them, though. I too used to make some pretty good coin playing a several hour hold immediately after FOMC announcements but I've laid off in the past couple years.

On the 60 minute SPX maybe today's action down is a brother leg to last week's similar looking impulse. SPX is now at the support provided by the January high.

stockcharts.com[w,a]ehclyyay[d20][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!lah12,26,9!ll14][j24757275,y]
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