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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (137039)	10/3/2006 3:43:47 PM
From: Henry J Costanzo	Read Replies (1) of 209892

Hi, BC...long time no see....Assume your raking in those hefty legal fees, and don't really need to look this way for any supplements..LOL Probably unnecessary, but should warn you anyway that I will tackle your question with my usual bullish bias..vbg I wouldn't look for 32.5 SMH... Think the rising 50dMA (today at 32.86) ought to give good support here. Furthermore, two interesting features appearing: a bullish pennant seems to be forming, and a possible IH&S pattern. Both could kick in and vault the index above the 200dMA and up to the Jan highs....in a new impulse up. taking off from the recent low as the end of a C down from the early 2004 highs. In short...I'd be looking up here rather than down..vbg

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