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Strategies & Market Trends : Classic TA Workplace

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To: Clappy who wrote (95264)	4/25/2004 9:03:40 AM
From: skinowski	Read Replies (1) of 209892

Clappy - I think you should count me in the 3rd group. I am not very impressed with this down impulse on NDX, it may turn out to be a "three" - but the count on the DOW is more clear. So, I'll stay with the bearish script as #1 -- "until proven otherwise"... g. share.esignal.com Actually, for trading the intermediate term, for the 2nd and 3rd groups the approach is the same. Only later we will find out whether the January (February for the DOW) top was Wave 3 - or the end of the entire rally. Strength in the DOW would confirm the potentially bullish setup in the OTC indices. Another one to watch, imo, is the BKX - the chart is potentially bearish, might be setting up for a fifth wave down.

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