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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (3891)	5/31/2001 10:45:45 AM
From: AllansAlias	Read Replies (1) of 209892

Yes, if it runs hard down, which I consider 60%, then this bounce has been our 4 of 3 (you look at the 3 and it's hard to find a 4 in it). Otherwise, the alternate, which I favour slightly less, is that we are now in 'b' of the 4. The problem with the alternate is that it would have us finish this 4 very quickly if we are now entering the 'b'. If this turn down does not run pretty hard, then I switch to the alternate scenario. Anyway, the only point that matters here is that things are very clear and the thing to do is not make large bets because a bigger prize awaits -- the 5 down.

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