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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (30)	4/18/2001 10:17:34 AM
From: AllansAlias	Read Replies (1) of 209892

The pullback into the gap was shallow, more evidence of the power of this move. We are on to new highs now. She's a runaway train at this point. If folks are not already long, there's no use trying to jump on at this point imo -- a low odds play in general. In keeping with the thread topic, it's just not possible at this point to know what stage of the 3 we are in. Recall that I am saying yesterday morning was a 1 and late yesterday we started the 3. This is all within the 5. My guess at this point is the next decent pullback will be the end of the 3 of 5. in other words, the next largish pullback will be a 4, with one more push to new highs to finish this 5. All one can do is short the pullback and then wait. If it's the end of the 5 rather than just a 4 of the 5, then the giving will be large and we get no new high.

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