Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: skinowski who wrote (2652)	6/11/2003 7:37:57 PM
From: Shack	Read Replies (1) \| Respond to of 41490

Yes, it certainly looks corrective but ending moves often do. We could still make new highs. This is the first time I have seen the DOW lead which may represent a narrowing of the rally? WHo knows, but that's typical late stage behaviour. Perhaps it is just finally getting caught up. I also can't get the MMM chart out of my head which looks like its on the verge of total collapse if that flag breaks. Perhaps it fools us and breaks up but for now it has to be played like a flag. Tomorrow I buy my first MMM puts ever. I do believe the big reversal day we saw last week means something even if we exceed it by price. (BTW, a beauty Elliot pattern...check out BAC and count the 'c' wave off the March low, perfect Elliott)