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

To: SwampDogg who wrote (79543)	8/21/2003 7:46:28 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

fuddle -- what "rest of the market looks done" are you seeing? Seriously. Banks are weak, yes, but haven't broken any notable support. Dow has held trend even in 60 minute charts all the way up from the recent low. It MIGHT break trend tomorrow (and I guarantee it will break it at some point), but what about it or anything else looks done? I'm not picking on you, believe me. I'm just curious. I look at the charts and I'm hard pressed to find much bearish at all. Sure... QQQ has a potential topping candle today. Maybe it even finished some odd 5 waver on the dailies. But that's not saying much... and if the SOX is going up another 2-3%, I don't think we saw the tech high, unless you see other sectors that look "done." I'm all ears, as I can't go long for more than scalps here, and would like a slightly longer term play. But I don't see why, yet, I should do that. the freep