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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (6595)	7/9/2001 3:05:25 PM
From: JRI	Read Replies (1) of 209892

Jack...here's a silly little rule I use... Friday, we broke down at the close (sold-off into close, finished at lows).. JRI's "rule of alteration": What we did last time, we usually don't repeat the next trading day... So, I am looking for a recovery here into close, vs. a slide to the lows.....actually, I put the odds as better that we'll finish at highs than lows..although anything above 2015 allows a gap up to challenge that important (for the next day or so, at least) 2040 level

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