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Strategies & Market Trends : Classic TA Workplace

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To: sitkapacific who wrote (131898)4/18/2006 1:36:15 PM
From: skinowski  Read Replies (1) of 209892
 
Agree that so far the rally looks like a backtest of your broken support lines. However, the possibility of an SPX Flat starting from the highs of mid-March is clearly on the table. Note that this current rally in the wiggles is impulsive, which suggests that there may be more to come.

Re - the "larger rally" (to which I am so far not committed).... One of the possibilities could be one mentioned in the post below. THe extent of such a rally could be rather limited.

Message 22353852
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