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

To: ajtj99 who wrote (46270)	7/18/2002 10:58:30 PM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

I think tomorrow is setting up as extraordinarily dangerous. Fwiw, not a helluva lot, anybody who might be silly enough to be long, needs to take a hard look at the action here. I am still wiggle long myself, but I expect to get out at whatever price I can early tomorrow. The window is open too wide. Look at the retailers. Look at that f*cking WMT chart. Lassie barked days ago, but now, it's a clear failure. Peek at a weekly and you'll see what it has failed back over this week. Look at the banks. Sold so hard while the Dow went sideways. It is at support at the close, but today was such a weak close, that it really did not hold it. Why are they selling banks so hard? Look at the stocks directly related to what we know is the only thing that vivifies the myth: the credit bubble. The damage this week has been stunning. COF came and went like we were looking at BRCM. -g/ng Nope, this is a time for prudence. The NDX put in a sweet failure today. Gave up the May trendline breakout like it was the pox. No fight at all. Nobody can make fun of you if you don't stick your neck out. -g Well, tonight I am favouring that we hit a scary low on or about Aug 1. If MSFT opens outside that triangle, I am shorting it. -ng