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Strategies & Market Trends : Classic TA Workplace

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To: wave3rules who wrote (135658)	8/15/2006 8:37:49 PM
From: Shack	Read Replies (4) of 209892

I tend to agree wave3, but have a look at some major DOW stocks. Look at the BA and CAT dailies. Don't those two stocks (DOW stocks at that) both look like they could use a (C) up on the dailies to complete a correction off the June low? How about DD which has wedged down for the last few weeks and broke up today? How about the potential IBM inverse H&S? BTW, the failure of that KLAC bear "flag" which I was playing is another clue, when I get mauled on a clear bear pattern like that I take the hint. There are other stocks I like as well. How about LXK for a gap close on the dailies? I'm playing a similar set-up on OSIP which is panning out so far. These stocks make me think we may have more to go to the upside than either of us are thinking. I think shorting time is a couple of weeks away, at least. I am steering clear of shorts and adding to my longs over the next few days.

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