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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (17261)10/19/2001 11:02:32 AM
From: AllansAlias  Read Replies (1) of 209892
 
Yes. If it follows my roadmap ideally, the Dow would bounce here and run to 9300 or so while tech does a 'c' of the flat -- in other words, while tech goes back to somewhat above the highs of yesterday. That would probably require some rotation out of tech into the Dow. From there, we would head down again in the brother leg to the reversal decline we saw this week, bringing the Dow down to 8900 or so.

I was tempted to book some of the Rydex short position this morning, but I decided not to get cute.
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