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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (49331)	12/8/2003 11:29:22 AM
From: Jorj X Mckie	Respond to of 57110

the pattern isn't much different than that of the past few months. in other words, it looks like this is just part of the two steps forward, one step back, type of action. Normal corrective rather than change of trend. 2000 on the naz does seem to be significant resistance and this is taking on a rounding top structure, so it could very well be over for this move. But I don't think we are going to have a crash scenario. stockcharts.com[r,a]waclynay[d19991208,20031208][pc10][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3]&pref=G P&F shows that the naz is still well within it's rising channel, so I am going to wait for a lower high on the 20pt before breaking out the ugly stick stockcharts.com