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Strategies & Market Trends : E-Mini Pit

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To: the-phoenix who wrote (7607)	10/23/2002 10:17:02 PM
From: the-phoenix	Read Replies (1) of 11288

Bearish Three Drives Update Right after I posted the Bearish Three Drives, I got to talking about how the structure would be better if the NQ actually got up to 1000. Well, here is the revised pattern: share.esignal.com With the exception that the last retracement didn't go deep enough for an ideal pattern (50% retrace vs .786), it looks pretty clean, forming a nice upward-sloping channel with trendline touches at each major point. More importantly, this pattern is now apparently complete right at a major daily retracement. The .786 retrace of the August-October decline is at 1002: share.esignal.com

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