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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (66555)	2/17/2003 1:53:03 PM
From: Shack	Read Replies (2) of 209892

I still think there is a decent chance we die fairly quickly next week. From an e-wave standpoint the choppy action of the last couple of weeks is either an ending pattern or a running correction. If its the latter, it should finish up with a 'c' up which will look like the start of a new uptrend but will not get very far. I give each scenario about a 50-50 chance here. The thing is I really don't see much hope for it being an ending pattern. There are some charts which are quite broke and price will have some formidable ninja resistance now. It will take a major ramp up in volume for us to crack this downtrend IMO.

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