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

To: SwampDogg who wrote (94431)	4/6/2004 10:13:02 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Why is 10500 so important? We rallied 570 points off the March low and you're saying if we pullback more than 70 points the rally is toast? That doesn't compute. I will agree that in terminal moves (which I believe the move off March 24 may very well be) breadth does indeed deteriorate. But its a divergence which can last a long time. This looks like the tail end of a terminal move right here Is there anything at all on any of the indices' charts which supports this statement? I see nothing but a straight shot up, hell the DOW even made a new high for the March 24 move today.