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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (7273)	7/16/2001 10:35:36 PM
From: Shack	Read Replies (1) of 209892

My god man, you into the peyote again?-vbg Actually, since you put up that DOW semi-annual chart, I have been doing a little counting and I must say that there is a bull count which is very much alive. As long as this corrective wave we are in does not penetrate 9950 (the top of the '1' from March), I will be giving it full respect. Actually, that level is also the 61.8% retracement of the entire rally in the DOW so it has even more credibility in my eyes. That being said, this is 500 points from here and I believe we at least test it since we have now retraced more than 50% of the rally. Thus I am in short mode.

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