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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (69960)3/29/2003 11:11:54 AM
From: skinowski  Read Replies (1) of 209892
 
JJ, right now, my wife put me to work and I can't really focus, will need to get to it later this weekend... But... what is a "C"? It is an impulse. We just had an impulse which may well be completed. Some indices, as I recall, have hit their 200dma's and other R's.

EWI guys expect NOT an impulse here, but an ABC, and therefore they are looking for one more move up, and it doesn't even have to be big.

I know one thing: My intermediate to longer term powder stays safe until I see a more decisive technical and sentiment picture.
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