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

To: jjstingray who wrote (82444)	9/22/2003 10:54:46 PM
From: SwampDogg	Respond to of 209892

This market has rallied back from dips so many times in the last year that when it finally doesn't there will be a rush to the exits unlike anything that we have seen since 1998. This whole thing is based on smoke and mirrors and the smoke may be starting to clear a little bit here. Perhaps this weekend at the G7 this very fact was discussed and they are trying to let the air out slowly.

To: jjstingray who wrote (82444)	9/22/2003 11:00:34 PM
From: Shack	Read Replies (3) \| Respond to of 209892

My only problem with that is that I cannot find an Elliott Wave count that will accomodate a move back to new highs. Can you? Exactly, no I can't unless this thing just wedges out. I see one hope for Smelly and that's a zig-zag off the highs and that scenario dies below 420 IMO. BTK could be working on a flat (which I'm playing). Look at the last two days on CSCO and consider buying the dip, I dare you! How about AMAT gapping clear down over a line which has held since May?? No major TA damage yet, but I see some warning signs that something is wrong with bully.