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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (38515)5/8/2002 10:46:32 PM
From: ajtj99  Read Replies (2) of 209892
 
AA, the Feb-March 2002 rally had a 10% follow-through after the first day's close. That is probably what we're looking at right now. That one was over with in a very short time-frame (11-trading days). The Jan. 2001 rally was over with in 15-trading days. I think this one , if it is the real deal, may be done with along the same time-line as these rallies.

I like this chart:

clearstation.etrade.com

One nice thing about these situations is you get one last chance to get out of your shorts and get long, and that's why we have 1595-1600 waiting for us.
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