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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (16089)	4/13/2001 8:58:08 AM
From: JRI	of 37746

Comments welcome, anyone.... To:L3_aka_L3 who wrote (5753) From: JRI Friday, Apr 13, 2001 8:56 AM Respond to of 5758 Any thoughts appreciated (all)... COMPX: I see a lot of congestion in the 1980-2000 area....also a gap at 2000-2025 (or so), and I calculated a 33% retrace move of the 1623 bottom (33% equalling the % retrace that occurred from 2261-2890 Jan. move from the Sept-Jan downleg)... Also, if A=C on this 5 wave up move, then C = (approx.) 150 pts......so 1870 (approx. bottom yesterday) + 150= 2020.... 1980 2000 2020 2025 2041 Any of those numbers appeal to you? Above that, we get back in the '90 COMPX Log channel...i would think that'll be a bear (pun intended) to break... Finally, if we do pullback Monday ("bear trap")...how much downside are you looking for? Does Max-Pain figure in (any way) to your ideas about end of week...also, any thoughts on 23rd turn date appreciated...

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