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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: RocketMan who wrote (28145)10/13/2000 4:49:20 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
cycle wise, since today was a low, the 18th should be the next high.

i'd like to point out that while it is true that bear market rallies have this 'fast and furious' characteristic, some notable bull markets have begun in a similar manner.

as always, all possibilities have to be considered. one would be that since several LT trend lines have been tested successfully , we might be in for a trip back to the upper boundary of the trading range. while that seems not particularly likely to me, it would be foolish to rule it out altogether. note that the VGY has been in a rectangular trading range for well over a year.
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