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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shaw who wrote (3832)5/30/2001 3:58:04 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
It's the land of ugly sticks tonight. Really, really fugly. So glad to see the bear bite again, not because I prefer down, but because folks were acting so uppity, like the entire down on the NASDAQ was a giant buying op'ty rather than the slaughter of the innocents it was.

No stick is more important than the NASDAQ Composite being back under the Sep/00 downtrend line. That was an enormous accomplishment for the bulls and written about everywhere. Whether it holds or not is another matter, but it would be a dreadful failure.

I would rate as second most important the breakding down of the RUMX wedge.