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

To: Paul Shread who wrote (50632)	8/19/2002 11:07:32 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Fact is, I see not much bearish out there. SOX breaking out of long-term down channel. The .382 retracement there is a bear-scaring 420. BTK holding where it should. Banks breaking out. MSFT breaking out of long down channel. I could go on -- the TA is bullish, no question. Now, a chart-chaser would jump on these breakouts, but I do not think that is wise. However, if this puts some air behind it, then the non-chart-chaser has to consider buying the pullback to test the breakout. Pullbacks come, they always do. Question is, will it turn you bearish when it comes, or will you see it as a buying op'ty.