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

To: AllansAlias who wrote (48787)	8/2/2002 2:04:29 PM
From: marginmike	Read Replies (2) \| Respond to of 209892

Again lower rates will be construed as good for banks, and the bad economic news was priced in last 3-4 weeks. VIX at 47 isnt going to provide big down either. The sentiment is terrible and we need to moderate and go sideways to get people hoping again. Technichaly I see alot of gaps filling on individual stocks (c for instence) that arnt bearish charts, and Gold looks like it needs another leg down. Therfore the charts I look at seem that they have consolidated a gain and have another push up. However it is my interpretation, Your argument is also quite valid. The fact that leadership areas BBH are up today. Edit ST bearish longer term they are all in down trends