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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (137683)	10/19/2006 8:23:56 PM
From: skinowski	Read Replies (2) of 209892

From an EW point of view TRAN didn't do anything to damage the long term bullish trend, imo. THe index is trading above the May and June lows, which makes it more likely that the decline was a correction. It would need to really break down under 4420 (spike in mid-August w1?) to make one seriously think that the trend may be changing. You know that I am not buying in into the bull at this time, but I've got to call 'em as I see 'em... ;)

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