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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (3035)	5/22/2001 3:55:47 PM
From: AllansAlias	Read Replies (1) of 209892

NASDAQ Scenario Update Well, how's this from Monday night's update with regard to how we saw Tuesday: Tomorrow should be a challenge. This 3 looks done or near done. We may get a gap-up or an early push, but I'll be selling it. If this is, as I think, a 4 tomorrow, then it'll be a tough day to trade. I won't be holding the early short for long as we'll be in a correction day without a trend. Our 4 looks like it needs a flush to finish, then we should get our 5 up. Would not be surprised if most of the expected flush is done on a gap down. How this ties in to the big turn date tomorrow I do not know. (Mind you, they do have +/-1 day leeway, so high of 5 could come late tomorrow or early the next day. Still chances are good the early going starts with a low.)

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