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

To: Perspective who wrote (58378)	11/3/2002 8:13:41 AM
From: AllansAlias	Respond to of 209892

Hi Bob, I got in late last night and am going to spend today catching up on the market and, equally important, watching football. That's a lot of questions you are asking yourself there. I haven't seen any charts since Oct 25. So far this morning, all I have done is respond to mail and read this board. Already I am tired. -bg Unless MSFT has put in the infamous "Houdini Wiggle Reversal" while I was away, it is going to hit a shortable high this week. Remember when it fell out of the big triangle and dumped to the low? Well, since then, it sure as hell looks like a nice correction. (Again, I am using the chart in my mind as of Oct 25. I have yet to fire up the charting programs, but I doubt I find the infamous HWR".) As regards the BKX wedge, I presume you are talking about the massive apparent wedge in the 3 year chart? Yes, we fell out of it and boosted back into it once before. That told me that the wedge is not as "real" as we hoped. So, if it is boosting back inside again, I do not really care. I think we need to look at the structure of what it has done since the summer debacle with only minor regard for that apparent wedge. I'll take a look at BKX later today for sure. Hope you are doing well. Allan