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Non-Tech : Raptor's Den

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To: GrillSgt who wrote (7025)	1/13/2003 1:44:42 PM
From: velociraptor_	Read Replies (2) of 10157

That might have been our last spike up this morning...difficult to tell because of all the choppiness so identifying the individual waves gets complex. The pattern though still resembles the terminal ending diagonal and ADX continues to fall again today on this slow rise. The alternate is that this whole mess is still a complex B wave in an abc up which would give us one more spike about mid week, but again this rally should fail like today's and fall back soon after. Once the lower wedge line breaks on this diagonal, we should see some reversal signs. Taking out the low mid last week is confirmation of the reversal.

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