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

To: AllansAlias who wrote (163705)	3/4/2008 9:05:05 PM
From: Shack	Read Replies (2) \| Respond to of 209892

This is a close up of the Software HOLDR's which did indeed make a new low today. This pretty much mirrors my thoughts on the broad tech indices and is counted from the fall highs, very simple:

To: AllansAlias who wrote (163705)	3/4/2008 9:10:06 PM
From: jjstingray	Respond to of 209892

Well now Allan, something did happen today, just nothing significant enough for us all to decide what the market is doing. We had a nice sell off, and then a nice rally. Should the rally continue tomorrow, who knows. I agree in that, in this chart nothing has changed. The move up from January has not confirmed anything. Are we now in a 3 up or are we in a 3 down. Who knows. The problem is, that by the time you know, the market has made quite a move. I have not committe any real dollars to anything. Just making intraday trades to keep me from jumping off my roof.