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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Shack who wrote (77225)3/8/2001 1:39:36 PM
From: Bull RidaH  Read Replies (1) of 436258
 
Which impulsive downwave are you referring too?

The wedge line connecting yesterday's late low and today's 11am low was penetrated and now the market's doing a tap dance on it. When it leaves that baby, and we get the break of the parallel line to the upper wedge line, wave byebye dada. That point is 1257 or so now. And the key is yesterday's lows at 1254.23, which when broken will pin us into an inverted cycle sell signal, and the next cycle activity is another cycle sell or high due on Monday.

Momentum begins under 1250.
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