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To: Galirayo who wrote (123431)8/29/2005 10:33:34 PM
From: skinowski  Respond to of 209892
 
Nice chart, Ray. The $MID daily candle looks energetic.

Just checking in... too tired to do much, but - about $MID - check the 15 min chart - nice, clean impulse. Looks even better under the 5 min microscope. Retraced just about 50% of the down impulse which unfolded over the past few days.

Looking at SPX, INDU, NDX - they all look like little impulses off today's low. We'll have to wait and see whether the markets will be able to build on them... or, will they fizzle out, as a bunch of sharp corrections.