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Strategies & Market Trends : Classic TA Workplace
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To: Galirayo who wrote (137761)10/21/2006 9:26:06 PM
From: skinowski  Read Replies (1) of 209892
 
Hedging is a good thing... -g. Pays to be careful (in the long run).

144 WMA looks good. I think the mid-50+ will hold - unless markets and everything go down sharply.

Agree - on the weekly the recent consolidation looks like a 4. But on the daily, there is a certain wedginess in the October action - that's why I think we MAY be in the 5th of the down impulse.

stockcharts.com
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