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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: cthruu who wrote (6599)	5/3/2005 12:45:44 PM
From: dfs405	Respond to of 7682

$INDU ---- High today is at the downtrend line when you connect the March and April highs-- very standard and typical resistance again- we will see if the greenie news breaks it up and out,fakeout breakout, or it dies at the high of day---I for one do not have the faith, but have to go where the TA leads us--this is a great opportunity for profitable trading with a good stop out area if she breaks out---I also never take the trade on the news day--many times we get a strong upmove after the news and then a tank the next day---probably wouldn't be a bad trade to get some puts near eod if she breaks up strong after 1415hrs---we will see :-(