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

To: Shack who wrote (120971)	6/23/2005 10:37:28 PM
From: skinowski	Respond to of 209892

IBM would have to be a 4, I suppose... so, yes, at some not too distant point this should have bullish implications... unless we get some pesky 5th with extensions... -g. DD - I am not sure. It could be on the verge of a new impulse - after a low level consolidation. The fact that it is dipping into the 2003-04 range is a little suspicious. The snappy impulse since last summer may have been an all she said "C". Edit - re: DD. Today's close, I see, was the first one under the 62% retracement level of that poss. C.... as well as under W4 of the impulse