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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (25450)12/18/2001 12:07:22 AM
From: Shack  Read Replies (1) of 209892
 
Under what potential wave scenario could the high from last week be THE high?

The wiggles ain't pretty but I am having a hard time seeing a count which has us turned already. As you say however the Nov 21 rallies all have overlapping which is putting me on alert for the ED where we would maybe be in the '3' as of early Friday.

For me the key will be to watch sentiment as we rally. I am looking for moves to new bullish extremes before any new highs are hit. This would have me looking at the turn as having already happened.
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