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otraque

07/17/03 5:42 PM

#131687 RE: pstuartb #131668

That is really putting the finger on what we need to finally see for a trend reversal---we must bust below the 50retrace to break that uptrend pattern.
Once AGAIN a decision point.
The moment we have that pattern broken i will say trend reversal, meaning we will enter lower lows and lower highs, for a very very long time(months).
Trend reversal can't be declared until the pattern you are displaying is broken.gd
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otraque

07/17/03 5:54 PM

#131696 RE: pstuartb #131668

Just one more thing, i thought of a tennis analogy to trend reversal, let's put it this way since mid march the Bull has held Serve, the Bear must break the Bull's Serve:) gd