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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (13900)9/20/2001 8:47:49 AM
From: Shack  Read Replies (3) of 209892
 
Actually my map has the weak open as the '4' down of the 'a' up (5 wave impulse) which began late yesterday. We would then get a 5th wave up. Then the 'b' down.

However right now the open is potentially looking too weak for that count to work as we would nearly overlap the '1' of 'a'. 1485 is the line on the COMPQ. So this correction may be something besides a 5-3-5, or we are still in the impulsive down.

Its early yet, but I still think weakness this morning is worth a look for a long. No bids in yet for me.
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