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Strategies & Market Trends : Classic TA Workplace
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To: TimeToMakeTheInvs who wrote (59011)11/8/2002 1:09:10 PM
From: AllansAlias  Read Replies (10) of 209892
 
Forget the wiggles. The only thing that matters is how long that October bottom will last. Choices:

1) It is the bottom. The bull market is still alive and the correction is over -- we are going to new highs in SPX.

2) First leg of the bear is done -- the 'A' of a larger A-B-C move. The low will endure for a year at least.

3) This is the terminal move of a flat begun out of the July lows and we soon turn down to new lows.

4) This is 'a' of a larger correction. We'll go sideways/up for months yet before threatening the lows.
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