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

To: Henry J Costanzo who wrote (135449)	8/10/2006 12:20:46 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

This relates to what Shack was talking about last night, I think. Different sectors doing different things... and more to the point, keeping us guessing. Even in the wiggles right now, there's a couple equally great interpretations. Take the SPX: as I noted yesterday, it's a great ABC off the high of last week. OR we're in a ii/2 up here and about to hit a iii/3 down of something or another (or, to add to the joy, maybe this is a iv up in the wiggles, so we start to plunge like a 3 but then reverse). I could look at that wiggle chart endlessly and not be able to tell. Same with many of those H+S possible tops (like LRCX which just keeps playing around like a confirmed bachelor, unwilling to commit). Makes it more fun, of course!

To: Henry J Costanzo who wrote (135449)	8/10/2006 12:46:20 PM
From: Galirayo	Respond to of 209892

[Useless Chat] LOL .. hardly an expert .. especially in this Meat Grinding Market ... I'm trying to keep all my fingers. Not Long the drillers and I definitely don't want to eat any of my pooting. That may bring to mind Pink Floyd - The Wall where the teacher at the end of the tune says something like. "How can you have any meat if you don't eat your pooting". or something like that. lol So in other words ... I'm Totally Clueless on the OIH/OSX .. just as I am most of the time. ;) See if that E&M Kosher Gap near the 135 Strike acts as support. But it's not looking very bullish since its last Pivot .. that's 4 sure. stockcharts.com However it is sitting atop the 50WMA @ 136.93 today. stockcharts.com