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

To: skinowski who wrote (133127)	5/26/2006 8:21:51 PM
From: Jack of All Trades	Respond to of 209892

Well it moved out of the midtine (blue) on the modified schiff fork and mid tine on the std fork. This is usually a sign of some ST strength. A move to the green tine is a place to short. There should be a move down to test the tines below along the way. I am targeting a move to the lower tine on the smaller red fork. How we test that fork will tell us where we stand... We may trade sideways in price and eventually hit the green tine or break up and hit that 1289 target. Now if it pushes through that green uppertine I don't want to be short yet. JMO