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Jerry Olson

05/27/04 1:18 PM

#26254 RE: Justa Werkenstiff #26253

justa

any pullback is a screaming buy...should be soft...maybe the 20 ema's daily charts as they got bombed on the way up...
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ajtj99

05/27/04 1:43 PM

#26258 RE: Justa Werkenstiff #26253

Dow 15-minute is showing a falling wedge or channel off the highs. Rising channel out of the 9850 lows is being tagged right now. The upper channel line was tagged this AM. As long as that channel holds, shorts will be painful on the Dow:

http://stockcharts.com/def/servlet/SC.web?c=$indu,uu[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!...

That upper channel line hits 10,325 or so early tomorrow and about 10,375 late tomorrow.
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Justa Werkenstiff

05/27/04 4:38 PM

#26300 RE: Justa Werkenstiff #26253

Marekt: Sentiment closed extreme. Price signals borderline sells everywhere. Topping indicator not there yet.