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

To: MythMan who wrote (47225)	7/24/2002 10:54:20 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Yeah, it's small. Too many "heros of soize" have been taken out on their shields these last 4 or 5 weeks. -g The s-t trend is still intact (down), let alone the obvious down trend in the wider timeframes. Until/unless we take out Dow 8070, the last very s-t high, this wee jump has no meaning. Sometimes one forgets the most basic rule of TA -- "A trend is higher highs and higher lows." (or the inverse of course). Until 8070 it's just price noise. So many people still talking about catching the bottom. I think the danger here is still very high. Small is good. -g Any rally is almost shocking at this point, but it would be more shocking to me here if tech were able to put in a good rally.