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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (134963)	8/1/2006 2:46:32 PM
From: Shack	Read Replies (3) of 209892

Well I couldn't ask for much more form LRCX, crashes the neckline, corrects up in 3 waves, and now looks like the next shoe is dropping to me. Not sure when you would call the H&S "real". SBUX below all key MA's an sporting a very bearish wave pattern over the last month. Smells like a less drastic (far less drastic) AMZN. Yeah, the UTES keep on trucking. Certainly nothing for me there on the short side except a potential B top on the daily chart. On a more general (and potentially irrelevant) note, not an index where one would hope to see market leadership coming from.

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