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To: The Freep who wrote (129168)2/7/2006 2:34:06 PM
From: cybersaavy  Respond to of 209892
 
I'm watching this one closely here as the $30 area looks like a good spot for a bounce and possibly the end of C of an expanded flat correction (will post chart later). If that level fails however, there does not appear to be much to prevent a revisit of the mid $20's

stockcharts.com[w,a]wacayiay[pa24.25!i][vc60][iut!Ua12,26,9!Ll14]&pref=G

cs



To: The Freep who wrote (129168)2/7/2006 3:26:06 PM
From: Galirayo  Respond to of 209892
 
Freep .. What do you mean Up ??

What will point us back up is a Decent Correction .. I think.

Message 22129225

I think we have a little More to go.

stockcharts.com

CSCO reports after the bell .. That should be a Market Mover. :)



To: The Freep who wrote (129168)2/7/2006 4:17:46 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
What's going to Lead .. ??

The Quality Companies that have been recently Down Trodden ...

Could Lead ... ??

stockcharts.com

Where's Phoenix with those Gartleys ??

stockcharts.com

investopedia.com

Does that look like an ABC Complete to you ?
stockcharts.com



To: The Freep who wrote (129168)2/7/2006 5:20:31 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
As far as what's going to lead, I fear that the answer isn't as simple as many would like.

IMO it's not necessarily going to be any particular sector(s), such as banks, or semiconductors, or internet stocks - it will probably be individual stocks that have been in a strong uptrend for a relatively long time and showed high relative strength before the recent SPX top, and will thus have their uptrend continue.

For example, take a look at a weekly chart of any on this list from IBD.

investors.com

I note quite a few oil & gas stocks on the list, for instance:

stockcharts.com[h,a]waclyyay[df][pb10!f][vc60][iLah8,17,9!Lh14,5]&pref=G