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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (162894)	2/26/2008 11:43:15 PM
From: Shack	Read Replies (1) of 209892

Yes I agree, wasn't planning on going long or anything. Its just one of those charts that is still giving me pause on the bullish prospects for tech. Maybe it gets negated, we're gonna know very soon. Actually. the best thing for some bullish clarity for me will be if the $IXM can close above 276 for a few days, the upper wedge line. Last attempt was a failure. But right now I like the way things are evolving here for the bulls, at least in the near-term. Volume is getting interesting and breakouts are emerging. I think the bulls have to keep this thing moving though, any down in tech and we slip back into the Nasdaq Jello which makes things more bearish to me.

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