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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (74569)3/2/2001 12:47:59 PM
From: AllansAlias  Read Replies (1) of 436258
 
No way to know at this point. We have not doen good technical damage to the upside so we are left with other tools and gut feel. For EW, a correction and a new impulsive move often look the same. Many corrections are 5-3-5, so you look for hint that what should be 4 of the up move is turning into a longer down move.

SOX looks good for impulsive structure, and so do many others. If COMPX is starting a new move, and the count looks OK, then this morning's gap down and slosh was nothing more than a 2. If this is the start of a new larger up move, it has to keep going here and take out yesterday's close with some authority, and I am talking very shortly now.
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