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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (6261)7/5/2001 12:34:01 PM
From: AllansAlias  Read Replies (1) of 209892
 
Soft is at it again -- new low that finally probes under the intraday UT line coming out of 6/18. Is softie trying to tell us something or is this a setup for new buyers?

Wave-wise, bulls would say we are in a 4 off the lows of 6/20-6/21, so something to watch here is does their putative 4 here break the top of the 1 (a few points would be OK)? That's a no-no. This is the area at the bottom of the gap, which NDX has now all but filled, but COMPX has not fallen into the gap at all.
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