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Strategies & Market Trends : Classic TA Workplace

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To: john722 who wrote (53167)9/13/2002 8:31:06 AM
From: AllansAlias  Read Replies (2) of 209892
 
Looks like we're gonna gap down this morning. That should give us a nice 5 wave sequence and setup a countertrend bounce (yes, I am thinking we are pointed down). With sentiment so damn whippy, and in bearish territory, it's impossible for me to trade a big size. That would be undisciplined.

With the S&P futures being down so much, I am wondering if the banks are not under pressure again. Gotta be one of the ugliest charts out there.

Europe is not happy today.
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