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To: Shack who wrote (123386)8/28/2005 6:55:41 PM
From: Moominoid  Respond to of 209892
 
ii of 3 would be possible I guess but would need to be part of a higher level count of course....

To me this looks like a strong downtrend:

stockcharts.com

In 2003 there were some minor corrections which had a strong McSummation downtrend, but I think a bit less strong than currently.

I think we will have a better idea by the end of this week where things are headed.

Of course I am also thinking FA (I know...) and it is more bearish than the chart looks at this point!



To: Shack who wrote (123386)8/28/2005 8:13:45 PM
From: Jerry Olson  Read Replies (1) | Respond to of 209892
 
HI Shack

in my humble opinion if several P&F indicators reverse down here this week or next this market will easily test the July lows and probably test the April lows as well..

to me the way i see things this market is toast...