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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (16712)10/16/2001 2:37:38 PM
From: AllansAlias  Read Replies (1) of 209892
 
If the 'ending diagonal' is in play, then this is a wee 2 pullback. Gotta hold right here though: say, 1376 on NDX and 1698 on COMPX. (In ending diagonals, you still should discern a 5-3-5-3-5 pattern of a normal impulsive wave, but, the waves overlap, that's the difference.)

Dow looks ugly. What a mess. Bulls better hope that was not a bear flag we just fell out of. Take a look off the top using, say, a 15min chart. If it is, then the target would be something in the 9250 area.
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