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To: Perspective who wrote (3345)5/23/2001 10:51:16 PM
From: AllansAlias  Respond to of 209892
 
Yes, I mentioned the INut index here recently and how it counted out nicely and is the most speculative. A good point.



To: Perspective who wrote (3345)5/23/2001 11:53:23 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Reviewing non-tech charts. Some nice failures..

NYA really gonna give up the Sep/00 TL?

GE gonna roll out of that beauty channel if she gives any more.

$VGY right back to breakout point on dailies. Gotta bounce or it courtains.

MRK could not hold the 50 sDMA and consolidation TL.

XOM fell out of a wedge. Ooops.

See the roll on BA. ouch.

EMC -- gonna break downward tomorrow out of that triangle. It is been coiling for weeks.

$COMP (DJ Composite, not Industrial) gave up the new high today. Note that it already had made the measured move out of that consolidation in late Apr/early May.

Ditto MMM (plus TL failure).

MO has given up the shelf and the TL. Yuck.

Trannie breakout failure?

Oh yea, and soft, it's part of everything. It's trying to breakout of a pennant on the dailies but pulled back today to the breakout point. Giving from here will look like a failure. Gotta watch soft tomorrow very closely.