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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (19998)	11/7/2001 6:27:54 PM
From: Jack of All Trades	of 209892

I agree, but I am willing to bet that the scared bear in all of us is somewhat nervous to take a decent position on the short side and hold it. Or atleast I am. I got hosed so many times in the past it's not funny. Granted I was not as seasoned as I am now. Anyways I was looking hard at the weekly SPX and still can't draw a decent long term downward fork. I would estimate that we need to get to atleast 55 days from the 9/21 low to draw something that looks "normal" ie not pting straight as they are now. So I will make a bold predicition that we range on the SPX from 1100 to 1140 until the 55 day cycle... Hows that for long term? Would it jive with Ewave thinking?

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