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Strategies & Market Trends : Classic TA Workplace
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To: jjstingray who wrote (161746)2/9/2008 12:06:08 PM
From: robert b furman  Read Replies (1) of 209892
 
Well if it goes up from here,it will have been a strong retest of january's low.

But volume has been very low so far.

That would have trapped a lot of shorts.

I just can't help but think there needs to be a new low price and positive divergences.

Looks scary but doesn't have the bark of that past low as smart shorts are covering.

Next week should tell us.

Wish I knew what that typically looks like in wave structure.

Maybe Shack has seen that 98 kind of retest and can label it?

Bob
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