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

To: martin001 who wrote (17839)	10/24/2001 10:56:36 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

I still think caution is required here. If this is headed up it should not be stalling much, and it is. Should really kick in and so far only NDX has. From a TA-pov there are lots of resistance ninjas overhead. Still long, but getting more doubtful as everything lags the NDX and silly SOX.

To: martin001 who wrote (17839)	10/24/2001 11:12:53 AM
From: AllansAlias	Respond to of 209892

Hmmm... this is not right for pointing up. Jello maybe. Down maybe. But not the action of a market that wants impulsive up. You know the other thing I notice. When we are headed up, a pullback will eventually force a noticable pop in volume as the weak hands give up. I am talking about little pullbacks, but it's a noticeable phenomenon (and an excellent entry cue). Seems here that the hands are showing strength and that tells me there is not enough belief in the possibility of down. Time to ignore the wiggles and just wait for a definitive move. I am back to flat, in the weeds, rethinking...