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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (63700)	1/14/2003 2:27:42 PM
From: The Freep	Read Replies (2) of 209892

So, bobcor, I'm a touch confused here.... You wonder if we need a push down or not to finish off this correction (assuming it's a correction, of course, but it sure isn't acting like fresh down). My confusion is... how could it not need another down? So far we have a strong down move from the high on the 5th/6th... and then a move up to a marginal new high. So, we should go down for a "c" move OR are you saying the downmove was the entire corrective move, then we had a new move up and are now just biding time? As for the cup and handle... I see that also. And it could allow for up from here OR a trip back down towards the last weeks' lows without messing it up. Interesting times indeed. the freep

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