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

To: SwampDogg who wrote (93464)	3/17/2004 8:43:44 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Dead cat bounce? hmmm....maybe. While I am unsure about the nature of this bounce (i.e. if there another wiggle low coming) there are indications that we will ultimately be heading higher. The canary for me today is YHOO which gapped clean out of a bullish wedge on high volume. Those inuts have lead all the way up so I am now starting to favour we will be seeing another tech high in the coming weeks. IBM is one for the bear case as long as it does not regain the broken wedge on the weeklies. Tried today.