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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (1092)	4/26/2001 3:27:14 PM
From: Perspective	Read Replies (3) of 209892

Damn - I was away when she finally tipped her hand last hour. Didn't get more shorts, just my core positions... So - I'm thinking we've launched "c" down and are just in the early hours of it. Not to pat myself on the back - but - looks like my COMPX 2000 was the perfect spot for "a" to terminate, and 2100 was pretty darned close for the end of "b". <g> Now, will "c" cooperate and drop down to that 1880 range? I know how much you hate targets, but it helps me decide how much to commit. Anyway, I would definitely like to have a little more short-side exposure for the meat of the "c". Mebbe I'll get my shot during the next wiggle up. I have one concern that I need to write you about tonight. Stepping back onto the hourlies, I thought I could read this entire April rally as three waves up, rather than five. It would say that the bear market rally is already over. I don't prefer this scenario by any stretch, but I was comparing COMPX to Dow 1931 again, and this rally is already comparable in height and duration to a couple of the later rallies. I know the market as a whole isn't repeating 1931 by any stretch of the imagination, but Naz looks like its evil twin. BC

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