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

To: skinowski who wrote (117708)	4/27/2005 2:16:42 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

Ya, Ski -- ranges and reversals and the unexpected should be expected. <g> Seriously, I think today's up is as likely to be a 2 up as it is to be the start of something bigger. We probably won't even know today. But I see a bunch of stocks like, say, MMM which set at least minor new lows today that are unlikely to be the terminus of a move. Could be a B low and yes, COULD be the end (though in MMM's case, seems a lot like a triple bottom). Clearly the market is volatile and all that, but to me the bull cases are a little harder to buy into here, as every attempt at strength has been met by failure. When that changes (and yes it will and yes I'll miss the first part of it), then the trend change will be easier to argue about, imo.