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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (3340)5/23/2001 10:40:31 PM
From: Perspective  Read Replies (2) of 209892
 
But in the good news category (for a bounce, or failed 5th attempt) - SOX appears to have almost five waves down complete already. Maybe it can lead a little up here, and maybe NDX/COMPX will spend a little more jello time before joining SOX/SPX in the impulsive down.

And my, my, my - look at how SOX counts out. The entire ABC counts beautifully. The last wave up is complete on that chart, five full waves up. That should be a lesson to us all: we need to watch the most speculative pieces of our favorite indicies for clues to the count. Had I actually noticed that, I never would have bought that dip yesterday morning.

BC
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