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

To: Haim R. Branisteanu who wrote (50606)	8/19/2002 10:00:19 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Yes, I agree. It is the depth of the roll that I am questioning. It is a tall order to put in a failure, and that's what tech would have to do now to put in even a decent pullback. Sure, it could give a few percent, but any more than that and it will be threatening failures of all these breakouts. In non-tech, as usual, I am concentrating on the banks. I think the roll there could be deep, but I still do not expect the lows to go out. Last week I warned bears not to stare on the charts as price ran against them, but to take an active role in protecting their positions. Now it's to the point where there is little protection (i.e., a pullback to give them a chance) and we are seeing some nice short capitulation in selected issues.