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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (11657)8/29/2001 8:58:06 PM
From: The Freep  Read Replies (1) of 209892
 
Quibble away. You think I remember something from TWO WHOLE WEEKS AGO???

OK. . . well. . . we're actually already getting close to your S+P approximate target based on your arrows (which I know don't give targets), and we're ahead of schedule to boot. Are you thinking more painful up and down here, then? I realize there's nothing that prevents your arrow from leading to a retest, correct? And since the S+P didn't really rally too much, is your alternate 3 still possible? Interesting on both fronts.

I just don't see what could start a real big C wave in mid- September (well, a surprise rate cut or a bellwether saying "we see growth" or. . . or. . . but I'm talking LIKELY things <g>), but I guess that's kinda the point. Still, that's why I was leaning to. . . if I may steal a term from the gemster. . . a double zigzagging up and downie type of thing that still includes the October massacre but adds a surprise rally that fakes out one last bunch. I don't know that there's time for it all, of course. Heck, I don't know much trigonometry or much about the French I took, either, but that never stops me. . . .

the freep
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