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

To: The Freep who wrote (61972)	12/17/2002 3:58:28 PM
From: Shack	Read Replies (2) \| Respond to of 209892

The wiggles aren't great but this is as about as clean as you can get in the larger time frames: marketswing.com BTW, That red line is the dt line from earlier this year. Now maybe I have it wrong but a set-up is a set up. Gotta trade the plan...yada yada.

To: The Freep who wrote (61972)	12/17/2002 10:24:58 PM
From: the-phoenix	Read Replies (1) \| Respond to of 209892

The Freep: My take on the lack of oomph in the selling at end of day is that the indexes all had strong moving average supports hitting in the 5, 15, and 60 minute timeframes. Look at the 200sma on the 5 and 15 minute charts in the DOW, SPX, COMPX, etc. Then look at the 20sma on a 60 minute chart. Because these hit so late in the day, they should have been expected to hold. I covered half my ES short at 901, as the 5 and 15 minute 200smas were there, as well as the 50% retracement of yesterday's rally. Holding the rest for that "C" down. Phoenix