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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (138032)10/27/2006 2:52:30 PM
From: Galirayo   of 209892
 
MC .. you've heard me mention 8to10NPL [low].

The SPX has been on an 8to10NPH [high] just the opposite of the NPL .. today is day 19 of that count. It needs a brief rest i'd guess. Day 19 is kinda "Unheard of". Day 10 is Stretching it.

A low reliability reversal candle today would be good here with another black candle Monday. Then another reversal and continuation of the up trend.

Dark cloud cover today would be my preferred.

stockcharts.com

At least there was some excitement today .. lol
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