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To: ajtj99 who wrote (68432)3/12/2003 11:07:42 PM
From: Shack  Respond to of 209892
 
Yeah I hear you aj, there are quite a few indicators pointing to this being a weak low. But when I look at a simple daily of the DOW, I see a high volume hammer which one would expect to be good for at least SOME follow through.

stockcharts.com[h,a]daclyiay[dc][pb50!b200][vc60][iLh4,3!La12,26,9]&pref=G

That outrageous TRIN reading is on my mind from a couple of days ago too. Perhaps my count is wrong, but any follow through will break the wiggle wedge on the DOW to the upside and should carry us to the top thereof, in other words to 8000 and the top of the channel:

ttrader.com