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

To: Henry J Costanzo who wrote (131161)	3/24/2006 10:46:30 AM
From: Shack	Read Replies (3) \| Respond to of 209892

I have us going into a meatier wave than that but we'll see, still been going in fits and starts although most importantly the trend still looks operational as the SPX tries to give us yet another 5 year weekly closing high. One 30-min chart to watch is the SOX which is working on a little inverse H&S bottom. 'Sup with UTX? No news? Big volume as we break to new ATH's. Gap and run today.

To: Henry J Costanzo who wrote (131161)	3/24/2006 1:51:45 PM
From: The Freep	Read Replies (5) \| Respond to of 209892

I gotta tell ya, MC... I continue to be underwhelmed by the indices. While there's lots of counts that have us in a 3 up of some degree, the market is churning instead. Not three-ish, really. Sure, we're not going down with vigor, but moves to new highs or even smaller breakouts like INTC's try over its downtrend line or even HDs move to new highs, are met with defeat. That's not the sign of a 3 of any degree, is it? Perhaps some wave finished and we're already in your 2/ii or something else? And, of course, the EDs remain in play, though one would expect serious down if we'd hit that ED top... and we're sure not getting that.