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

To: ajtj99 who wrote (62877)	1/6/2003 7:20:54 PM
From: The Freep	Respond to of 209892

AJ -- I still like the cycle, particularly as I think more mid-term/long term rather than shorter term. I suspect it just hit a week late, and will follow it that way as we approach March. I was just looking at a handful of charts of some mega-cap types, and I gotta say that they don't look horrid. GE closed solidly above the 50 dma, and the middle bband with rising stochastics with lots of room above. RSI moving up, too, but not yet at the levels that seem to stop it. Dupont (DD) just finished a great 4 days, though it could be stopped by the Dec high. Even stuff like BMY and PFE look like they could make at least one more move up from these levels...either straightaway or after a pause. Fits what Allan was kinda expecting (and me too, though I thought it might take a little longer). I could easily see a gap and crap...a weak wednesday, then a stronger end of the week, with expiry week kinda chopping around. There...that's my lame prediction of the day. Book it. the freep