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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (41936)6/13/2002 2:03:44 PM
From: AllansAlias  Read Replies (3) of 209892
 
The only road left for the bulls to press here is a powerful one, sort of a hail-Mary scenario. It would see the action since 12:20 or so, the first high today, as a wee flat before a powerful blast upward. This would imply that 1114 does not print.

The count off the low for that would be:

1/a        to  1:20 yesterday 
2/b        to 10:40 today
1 of 3/c   to 12:20 today
2 of 3/c   to now or very soon
3 of 3/c   pending

The alternate is that we are in the sort of goo that only a fool tries to read (-g), a series of 3's. The price action out of the low is wedgie. Breaking upward would be a Hound buy signal (Hound: the unexpected or "not the norm")
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