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

To: UnBelievable who wrote (5698)	6/24/2001 5:14:45 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Non-tech wants down. I would not buy the Dow here with your money! -g/-ng If I had to guess, and I'm sure I'll have more to say tonight that will confuse you and I even more -g, I would guess that we hit the ground this week falling. To reiterate a couple of points from this week that bothered some of us on the thread: 1) Non-tech has no reasonable structure that I can read that points to impulsive up reasserting itself. (Well, there is one actually, but it is the Last Chance Gas Station and is a few points away from being invalidated. It views us in a 4 of 3 here. The 1 of 3 is the high on the 20th. A new high would reassert this count as well as break the DT lines off the May 22 top.) 2) It never gave enough off the top, retracing only 30% or so off the lows. 3) Friday was a failure day imho. It had to show follow-through from the various barish setups that it broke out of on Thursday, but instead, it gave up those breakouts. You might recall that I expected a non-tech turd to fall this past week. I was wrong about that. However, with Friday's drain as a setup, I would be inclined to say that we get our turd by tomorrow and non-tech starts the week on a decidedly bad note. RUMX is absurdly strong, so maybe it comes from that quarter.