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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (42189)6/14/2002 2:44:49 PM
From: Shack  Read Replies (3) of 209892
 
Aw, velo always does well in a downtrend he's such a bear.-g

For tech I have 3 scenarios:

-this little up here is the second leg of the corrective move and we head back down soon

-we are nearly complete an 'a' of a larger correction

-This will be a 'c' wave up and the move off wednesday's low would be the start of what would likely become an expanded flat. This means we continue up into Monday before we point back down. I am leaning towards this scenario because I see the dump off yesterday's high as 3 waves.
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