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

To: Galirayo who wrote (112688)	1/29/2005 9:45:59 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Fundementals are nice, but, the bottom line is, if SPX goes above 1182 or so, that puts the bear case in question. And if 1196 gets taken out, then the Bull is still in the saddle, whatever the heck that means.... Near 1178-79 I see some Fibo resistance areas, as well as the trendline which connects the previous January tops. If we do get an impulsive wiggle "C" up, it is likely to stall there - if it gets there. I probably would be shorting it. The risk, compared to the potential reward, is not bad.