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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (59545)	11/15/2002 3:46:45 PM
From: yard_man	Read Replies (1) of 209892

>>4. PROBABLY THE MOST IMPORTANT: Bear market rallies frequently have little backing and filling! Recall last October - we all kept looking for a 38% retracement that never came. That rally produced little form except for stair-step moves of a wave up followed by a flat corrective wave to retest the breakout. Repeated four or five times if memory serves me correctly. << All the same we have had precious little of that -- and we need some for a 2nd leg, IMO. I don't mind being stopped out -- won't short tech here -- but adding into the close. A little doubt can propel a bear market rally -- but NO doubt -- well ... I doubt it <g> Know any bearish technicians here??

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