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

To: Haim R. Branisteanu who wrote (77264)	7/11/2003 9:59:03 AM
From: Temple Williams	Read Replies (1) \| Respond to of 209892

The structure left behind right now (Mon, Tue, Wed) seems extraordinarily dangerous to the bulls. It looks suspiciously like an island reversal (a price structure separated from the rest of the market by opening gaps). I am not a great believer in island reversals, but that does not matter. Enough traders may identify it as such to force prices lower for a while. Of course, if the left-hand side of that island gets slammed shut, the bears are sunk again ... this is a tough market on swing traders who believe in what they are doing ... not very rewarding ... better for scalpers and mice grabbing crumbs ... lot of fat mice around right now ... that will change, of course, as more and more traps get set :o) Trade great, Haim.