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John M

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John M

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Re: John M post# 185

Wednesday, 08/29/2001 8:45:32 AM

Wednesday, August 29, 2001 8:45:32 AM

Post# of 2121
Based on this mornings "revised"<g> GDP data, I now feel the the compx could extend past the 1974 50% Fib area to the top T/L of the falling wedge. It may breach that line, but I believe the rally will fail in that area.

I sincerely doubt the wedge will be broken to the downside now, for the short term, but inevitably I think it will fail as Q3 earning warnings begin...

Good Trading all.


John M

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