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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (49715)	8/10/2002 3:50:16 PM
From: bcrafty	Read Replies (2) of 209892

Shack, I'm not sure if velo feels that the C is "complete" as you mentioned, as I didn't see him use that word, but anyway he sees a "real good chance" of us going down sometime Monday. Message 17860289 Nevertheless, a good break in the little rising wedge that formed Friday afternoon on your Dow 30-minute chart might be a good signal to slowly leg in a short or two.. In any case I'm sure we'll get some down next week, it's just a matter of when and how much. It's going to be wackier than usual next week with the FOMC on Tuesday. As mishedlo has reminded us often there's a lot of max-pain that has to be reached next week, like his GE 27.50 example. Any kind of further ramp from Friday into Tuesday will certainly make 2:15 Tuesday look more as an opportune time to short.

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