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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (30891)2/12/2002 10:08:35 AM
From: The Freep  Read Replies (3) of 209892
 
Allan -- you're viewing today's move (so far) as correcting the recent rally. Reading Velo's site, he seems to think there's a good chance it's fresh down (and pointing out some steep rising wedges, too).

Will it again be how the indices handle support/resistance that gives a clue as to whether we get a brother leg up. . . or whether that 5 wave move that ended yesterday (if one did) is all we get?

BTW -- I hope you shorted yesterday when you were looking for that late down <g>

the freep
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