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Strategies & Market Trends : Classic TA Workplace
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To: jjstingray who wrote (162704)2/25/2008 12:27:05 PM
From: The Freep  Read Replies (4) of 209892
 
The most interesting thing to me about C is that volume today is strong... and to the downside.

I hate late Friday reversals with a passion, though I suspect that statistically they are the same as any other reversal and always simply need followthrough to confirm. We haven't gotten that yet, though bulls at least are in the driver's seat. Still, if you look at the last week of action, every reversal (and there seemed to be one daily) was met by a re-reversal within a day. Seems like patience remains the watchword.

And I still think GOOG is going lower, though for reasons now forgotten, I had 480 as my first target, and that's close.
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