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Strategies & Market Trends : Classic TA Workplace

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To: ajtj99 who wrote (94640)4/8/2004 11:35:57 PM
From: mishedlo  Read Replies (1) of 209892
 
aj - why cant there be a crash off a retrace.
This was one of the most powerful you will ever see.
You certainly see rampant optimism here. That is a necessary ingrediant.
Extreme overvaluation is another and that fits too.
Why cant we crash at a cyclical peak as opposed to THE peak.

I think we can.
Please do not confuse CAN with WILL, and there certainly are bearish counts that could allow for a wave 3 down here.

Now, some of those counts are really iffy, and we have to define "crash" but you can not rule it out completly like I think you just did.

Mish
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