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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (69)4/18/2001 11:31:42 AM
From: AllansAlias  Read Replies (4) of 209892
 
IMO, this pullback is either just the 4 of this 5 with one more high to come, or it's the end of it and from here on out we go into a downleg for the next number of days.

The alternatives to this are truly scary. What if the move up from the bottom was only a 1 (yes, it had 5 waves in it, but they all could be part of a 1 rather than an A) and now we do a 2 (rather than a B) before entering a bear-killing 3. I don't give this much of a chance.
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