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

To: skinowski who wrote (77752)	7/22/2003 12:24:15 PM
From: Jerry Olson	Respond to of 209892

LOL skin it broke out to a new all time high...52 week sir... cap weighted too at 11% of the whole DOW 30...

To: skinowski who wrote (77752)	7/22/2003 12:25:20 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Riiiight. Bears always see the overhead resistance. They always look for what will be next to stop price. They are misguided. In an uptrend, resistance always falls until it doesn't anymore. Resistance is just fodder for the trend. On the way down, and I remember this very well over the last few years, the bulls are always looking at the support. You make an excellent point. They are not asking the most important question -- "Is this trending?".