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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: JRI who wrote (89814)4/4/2001 11:51:53 AM
From: AllansAlias  Read Replies (2) of 436258
 
Got out... don't like the look of the retracement of this bounce??

Bounce so far looks like 5 up and 3 down, so one could reasonably bet on another 5 up. Also, tt should want to continue up from here I would think. It has retraced %38 or so and is back to the TL it busted through this morning -- the one off Apr 2. One would think that would provide a launchpad for the second phase of the bounce. Failure would be interesting and would hint to me that this is only the correction of the Mar 30 decline and not a larger correction.

I wasn't going to, but I have given it a try on the long side with the stop at the equivalent of COMPX 1673.

(Must have slept poorly last night as my head *feels* slow today.
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