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

To: Shack who wrote (120954)	6/23/2005 6:47:01 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Have you checked the meatball daily today?(GE). Double bottomed with the 2005 lows today, and on much higher volume, indicating this is not the end of the selling in GE stockcharts.com[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][ila4,9,5!lh5,5!li10,10!lp14,3,3!ll4!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2][J40712336,Y]&pref=G SPX has support at 1188-1190 from what I can see, and a straight A-B-C on the NDX would bring 1491 if this is a zig-zag off the 1569 highs. WLSH looks like it can drop quite a bit more here. I don't see any support for the WLSH until 11,700. Maybe that's a clue for the COMP and OEX. stockcharts.com[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll4!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2]&pref=G I think the COMP may end up testing the 2035 area next: stockcharts.com[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!a2035!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll4!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2]&pref=G Some real volume out there today.