Sharck Soup Message Board

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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/4/2001 10:10:50 AM
From: velociraptor_	Read Replies (3) of 37746

Looks like we may not have completed 5 full waves down. I am questioning that last corrective period. when I bring up the 5 day chart, the corrective period from late Monday and from late Tuesday both look similar, whereas the initial one pointed out from mid Tuesday now looks odd compared to the other two. Given this, I suspect that we will see one more wave down, possibly to test the lows in the S&P near 1080, and possibly for the DOW as well. I still expect a bounce after this so rather than take a loss on my handful of Calls bought this morning, I have decided to hold. I also held the bulk of my Puts from yesterday and will likely take more profits if we test the lows.

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