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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (16878)	10/17/2001 2:15:39 PM
From: AllansAlias	Read Replies (4) of 209892

Gut-check time for the s-t bears: BC, we have what looks like 3 waves down in a bullish falling wedge that we have now broken out of. This is the old inflection point: are the 3 waves the end of an a-b-c correction and we go to new highs or are we just building a wave 4? (I'm not actually asking.) The putative wave 1 low is around 1700 on COMPX. We should not violate that by very much if we are pointed down. On the SPX, the putative wave 1 low is 1091 and we are very close to that now.

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