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Strategies & Market Trends : Classic TA Workplace
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To: American Spirit who wrote (1391)4/30/2001 5:19:06 PM
From: Shack  Read Replies (1) of 209892
 
What do you base any of that on? If we have another leg up tomorrow, that's fine but the E-Wave pattern is almost complete no matter what scenario you look at. We would start to go down tomorrow or Wednesday. The coming pullback may indeed be shallow though.

However I would say you could be right if the 3 of the big rally is really extended. We are entertaining that possibility, that means tomorrow would be explosive.

As for the year's lows, they will likely be revisited but probably not for many months. Until then, buy the pullbacks.
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