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Strategies & Market Trends : Classic TA Workplace

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To: marginmike who wrote (21603)	11/19/2001 1:42:23 PM
From: JRI	Read Replies (1) of 209892

Re: High volume selloff.. If I recall, when we broke the wedge (down) this past summer, we went down- sneaky down for the first days (of course, we got a retrace), but we didn't see heavier volume until the final stages of the down.....perhaps because the corrective nature of it...dunno.. Because of the lack of heavy volume, I didn't load up on that down....thought it may be a fake (since, at the time, the thread did not think it was going to be the 'b', to my recollection) Since many here are only looking for a 4-type (and another upleg), including you...I don't know if a heavy volume reversal day is even necessary for a decent corrective here.

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