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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: At_The_Ask who wrote (186)2/26/2003 9:13:09 PM
From: skinowski  Read Replies (1) | Respond to of 41499
 
“filled”... ATA, thanks, everyone can use a compliment once in a while... -g.

Why would you be a buyer now? The weekly (NDX) is trending down, having failed to make any higher highs, and presently possibly in the process of slowly sliding to new lows. All in all, the market has been working on some sort of a low-level consolidation since last summer. The daily chart is also nothing to brag about. The sentiment is mixed... no particular excitement either way. Wave-wise, I don’t find myself too sold on anything right now. The field is crowded with “trees” up and down. I think if one is out looking for a longer-term entry, the best thing is to wait for a more definitive structure, accompanied by an extreme in sentiment. Jmho.