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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (87)	4/18/2001 12:35:17 PM
From: AllansAlias	Read Replies (3) of 209892

I think the SOX is playing out a very different structure than the NASDAQ, as are certain important stocks such as MSFT. Anyway, I think it's not desirable for folks to post "such and such has done 5 up" unless they are proposing the context in which the move is based. Things don't always move in 5's and, even when they do, without a larger context, we don't know what is going to follow said 5 wave move. On a more general level, this move will have me backing off and reassessing the picture. I thnk today brings various more bullish scenarios to life. This does not mean that we go up from here, but it may mean that we go net sideways for longer than I was anticipating or the coming retracement will be more shallow that I was thinking. On an even more general level, I think we will spend a lot of time spinning our wheels if we do not take the time to study the discipline. I have not much interest in being a teacher on this forum. First of all I'm not qualified and second, it's too time-consuming for someone who is trading.

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