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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (24719)	12/11/2001 3:39:55 PM
From: Shack	Read Replies (1) of 209892

Yes, looking at the XMI off the 6th highs, I can make a good case for 5 waves down which would be nearly complete. If that is correct, then the next move up will be critical to watch for those bearish divergences in sentiment to determine if the top is in. However I have a much more bullish alternate which has this as a 'c' down in the XMI after a 3 wave 'b' which began on the 28th and made new highs.

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