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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (68318)2/16/2001 7:40:09 AM
From: AllansAlias  Read Replies (2) of 436258
 
Everytime there is a small panic and a consensus as we have this morning, the damage is always more limited than one would think. I am not loading anything at the open other than the normal futures in/out.

I can see us leveling off pretty quickly and then entering a premium eating range or a weak rally for a couple of hours. I do not think they can keep it up all day though, and we'll likely see fresh lows in the afternoon. The bullish count says this is nothing more than a 2 (down/up/down, where that first down is where we are now) and we'll be rallying pretty hard again next week. That's my alternate count, but I'll respect it until/if we get close to NDX 2200.

In the meantime, I'll keep my eyes firmly earthward anmd stick to my bearish count until I get whipped.
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