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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (10115)	8/16/2001 9:08:26 AM
From: JRI	Read Replies (2) of 209892

My gut says bounce here....negativity getting thick...stochastics support (bounce).... and there is money to be made (saved) by screwing poot buyers in the next 2 days....but I agree, we are talking high-risk, low/medium reward for long territory, so, normally (actually always), that ain't a good bet.. Next week (after Fed) makes more sense to me for crash...ain't gonna be nothing but a vaccuum of news after that...but then again, who can predict crash? (except mightly Brafoo...)..I think we get some relief of today's (tomorrow's?) oversold thru Tues... CIEN/networkers getting mauled...those guys have to come back on any rally this morn. 1870 should bring a bounce, if we don't get one early- g Will we gap below (I've got it as 1913)? It'll be CLOSE!

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