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To: pater tenebrarum who wrote (8428)8/3/2000 12:58:29 PM
From: AllansAlias  Read Replies (3) | Respond to of 436258
 
Yea, the silly DOW diamond has nowhere to go now. There are only a few days left before the diamond is no long valid. I am not an expert on these diamond formations, my intuition tells me they are rummy, but any time bars go that far into an apex I believe that the potential for the measured-move to be realized is severely diminished.

Aside from the soft indicators, there is just too much strength in many old-economy charts for the big move to be "close" at hand.

--Allan