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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (7628)	7/19/2001 9:51:30 PM
From: Shack	Read Replies (3) of 209892

Interesting that RUMX was rescued from falling out of its wedge at the end of day today. If you buy that non-tech had a 5 wave impulse down off the May 22 highs (and I think it counts nicely), then the rally since the the 11th is corrective and we launched the 'c' up late yesterday. That 'c' looks incomplete and would fit with a cycle high hitting on a Heinz turn date either tomorrow or Monday (I think he had Saturday which likely won't happen-g). JRI, you may be right about getting a high on that turn rather than a low. NYA 612 would have to hold for that count to validate. As for tech, I guess it would be bought as well. And my preferred count is still in play there. I thought we had already launched into the 'c' of 'y' but I still think a wave is missing form the 'b' of 'y'. dshacket.homestead.com

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