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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (15161)	10/1/2001 9:36:59 AM
From: JRI	Read Replies (2) of 209892

Well, nice shove down here at the open....Velo has 1475 as a pretty key level...we break that, and he thinks odds greatly increase that we completed the C and are heading in the 5 down (although I think he leaves some "opportunity" for larger degree correction to take us lower than 1475, etc.) His Dow equivelent is 8740 (possible breakdown) He basically said that if we break up at open, or break Friday's close, we may be within a 3 of the 5 leg C....(my comment) obviously a break of 1530 will be huge for longs here. As I type, this thing is looking weak......needs to turn soon.....storage getting pounded again..

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