Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: venividivici who wrote (134846)	7/27/2006 8:49:56 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

Dunno, vvv... I have no difficulty seeing today's declines as impulsive, and they channel nicely, at least on SPX and certainly on INDU. On SPX it could be an expanded Flat from the 7/25 top... that's possible, but I tend to doubt it. Notice that today's SPX decline overlapped (albeit only a little bit) with the 7/20 top. If you look from the June 14 SPX low, I think it's hard to disagree that the action looks distinctly corrective. (But if Barron's will show on its cover this weekend an ugly big bear, I'll change my mind.... -g)