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

To: skinowski who wrote (120070)	6/8/2005 7:08:40 PM
From: Shack	Read Replies (2) \| Respond to of 209892

I am not a fan of the broadening diagonal idea. I do not think a top is in anywhere, but it does not mean we don't get a deeper pullback that I was thinking. None of my longs have reached their targets don't you know...we can't be done with up!-g Seriously, I am still looking for much higher prices on ATK, CECO, IWM (that one did my target and I should really be out now), EMC and many others that I'm not in. JNPR does not look done from an elliott standpoint, nor does BRCM nor the SOX in general. I am also fairly certain BSC is going to new highs here. When we stop getting 1.00+ readings on the EPC every time we have a down day I will be more apt to start looking for bearish chart patterns. And those Rydex guys at 4 or 5 to 1 short the SPX don't really nurture my inner bear either.-g/ng