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

To: Shack who wrote (114550)	3/11/2005 12:26:49 AM
From: jjstingray	Read Replies (1) \| Respond to of 209892

This is an interesting setup that you suggested Shack. The chart is darn ugly, but I have to admit the candle today looks good. stockcharts.com[w,a]dhclyyay[db][pf][vc60][ilb14!lb5!lh5,5!li10,10!lp14,3,3!la12,26,9!ld20!ll14][J46811742,Y]&pref=G I was also quite happy at the action with the Dow, but it did not close above the triangle, so I am not sure if there is much to be happy about, yet. stockcharts.com[h,a]dhclyyay[pf][vc60][ilb14!lb5!lh5,5!li10,10!lp14,3,3][J44523247,Y]&pref=G

To: Shack who wrote (114550)	3/11/2005 8:35:15 AM
From: J.K.	Respond to of 209892

I was just looking at these two beat up sectors when I read your post: BTK index forming double bottom IIH forming a rounding bottom IAH holding a 1-year uptrend line and currently wedgy => up-break. BHH has broken recent downtrend and nearing 12/04 highs. HHH this is the real sick one, but it is oversold. TWX, EBAY, AMZN and YHOO make up 85% of this holder, YHOO's is 36%. yhoo has just retested gap support from last year and looks to be reversing. ebay and amzn will want to fill recent big gap downs, and twx just had a high-volume V bottom. Point is, I see enough bottoming action to be scared about going short. If these two sectors turn up, and oil down... Sorry for the classic TA stuff <g>.