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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (72206)	4/26/2003 9:03:10 AM
From: At_The_Ask	Read Replies (1) of 209892

Everything since march on the spx and dow looks like the January rally. It was sort of an ed with an extended first wave. At the time it left me completely fooled and I didn't get short till most of the best part of the melt was over. I'm going to try to catch it this time. The tech indexes look like an expanding triangle with the feb ramp as wave A. On tech the only count that would work with a spando in that position would be a-b-c from 12-2 to february, then the expanding b tri with a C down starting fairly soon. Perhaps tech is in a larger b wave that is correcting the october rally. Or it is just the wave four of the giant triangle from april 01 that I have posted about. I keep thinking about the old saw "sell in May and go away". I have a feeling that this year it is going to work particularly well.

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