any of you guru chart readers have anything to say about this
To: +tippet (20826 )
From: +Shahar Tsadeek
Monday, Jun 22 1998 4:08PM ET
Reply # of 20831
> Summer rally, trading range or fizzle?
fizzle. I know this has had a lot of false starts,
and I understand that an index probably doesn't
TA like a stock, but this damned umbrella top
is working itself out perfectly, and the little
triangle that usually comes right at the end of
one is here, now, in front of my face. if it
were a stock and I owned it I would be freaked out.
tscn.com
the thing about rounded tops, especially as they
terminate, is precisely that the thing in question
seems to want to go up. there is a calm, just like
today, when it seems like if it was gonna fall it
would have already. so I say, BK before wednesday.
a couple of these have broken upside lately however.
so who knows.
bwdik
Shahar |
