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Non-Tech : Raptor's Den
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To: velociraptor_ who started this subject12/4/2002 12:12:39 PM
From: velociraptor_  Read Replies (2) of 10157
 
Gap from mid last week closed. Rally from 11:30 this morning looks like it couild be a C wave, but it will need to turn down soon to validate. If we go much higher, we will be in a larger bounce and the 3rd wave down scenario is probably out. Doesn't mean the downside is over, just that we'll pause here for a bit longer.

Note how we bounced off the 1420 area in the Nasdaq which was the prior triple top. Usually these don't break on the first try.
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