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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (162985)	2/27/2008 3:26:32 PM
From: Shack	Read Replies (1) of 209892

Agree, its still up in the air for me. The issue for the broad market will be if the $IXM action since Feb 11 proves to be a bear flag and it heads back to the lows now, a very real possibility IMO without some big up right here. The index is still pegged under that wedge line. Look at a daily of COF for instance, tracking the $IXM pretty good. Is that a bear flag over the last 3 weeks? Sure looks it, but of course a break up out of a bear flag is usually hyper-bullish. Follow the break. Meanwhile we should be watching that BSC rising wedge over the last few weeks as well. And yes, if Max Confusion holds we won't know at the close...but we should have an inkling.

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