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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject1/28/2003 11:10:14 AM
From: velociraptor_   of 10157
 
The break above the key points from the open today suggests that the down move has paused and a larger corrective is now forming. It looks like the minor 5th wave we were looking for truncated and completed at yesterday's close so it turned out to be a pretty small move. That's ok.

The move on the low now does indeed look corrective and we are starting to work off the short term overbought without really going anywhere. Still not sure how longs it lasts yet, but given that it hasn't moved far at all, it is possible it may complete today. I'll post more later.
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