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Strategies & Market Trends : Alpha Stock Pick Charts
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To: SE who wrote (8)2/11/1998 5:34:00 PM
From: Trader X  Read Replies (1) of 70
 
Actually, that is not a bad idea, Scott.

I consider $33 to be a somewhat flimsy support area, though, so did not include in the analysis. It certainly could find support there, however.

My feeling is that should the market be too strong now, and not really test major support in a time-consuming way, then the resulting uptrend will be week, and unsustainable, for a the long haul.

Just being conservative in my outlook, I suppose...
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