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Post# of 79026
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rcptrader

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rcptrader

Re: smartone post# 2565

Friday, 09/02/2005 5:16:44 PM

Friday, September 02, 2005 5:16:44 PM

Post# of 79026
Scamman's R3 strategy would also support a down day very soon.

On the NASDAQ daily chart, the midline of the BB (20,200) turned back the bull attack yesterday. The turn was confirmed by a dark candle today.

In previous uplegs, the BB midline did not pose any resistance to the bull stampedes.

Expect a retest of the current lows before the bulls try again.
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