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

To: skinowski who wrote (113737)	2/17/2005 11:42:34 AM
From: Shack	Read Replies (2) \| Respond to of 209892

I agree with you ski. The underlying dynamics and the price action are often the the same especially in the case of ascending triangles. Speaking of ED's there's a good case to be made that the rising wedge we have been following on the SPX began its (v) up today. I am wondering if the entire SPX move out of the Jan 24 low is not a B wave. I have been purging longs as we wedged higher and I intend to be out of everything before the weekend. That near-term bearish pattern is too compelling IMO.