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Strategies & Market Trends : Classic TA Workplace

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From: elliottrules	5/12/2005 9:15:23 AM
	Read Replies (2) of 209892

Adding GLW short at 15.58 (currently 15.58). (also adding 10 June 12.5 puts for .10 ($100 risk) I think we are near the end of an irregular flat that began on 1/20/04. This latest rally is the 'c' wave of B ttrader.com If C = 1.382 x A it would end at 15.7, yesterday's high was 15.67. If C (down) = 1.382 x A then we go back to 9.22, which is coincident with a 38.2% retracement of the advance from Oct 02 to Jan 04 (Intermediate (1))...at 9 its the buy of a lifetime... Just a wild a$$ guess.....

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