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Strategies & Market Trends : Classic TA Workplace

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To: Win-Lose-Draw who wrote (173819)	11/24/2008 2:08:51 PM
From: The Freep	Read Replies (4) of 209892

Less than two days, really, but yes... it's as steroid-y on the upside as it was on the downside. I guess I'm trying to figure if it is a bear market rally, for starters, and if so... how that fits. One reason I'm being "stubborn" here is that this changes all the timings/reads on all my counts if it goes on longer or much higher. Taking a step back, I have no trouble seeing this as a bigger C wave up on the daily charts (which would give you something near 25%) but then it messes up the count that's gotten me here. And while I'm not suddenly shorting with abandon here saying "my count must be right!!!!!", I'm not willing to give it up based on under 6 hours of trading. That said, the rest of the day is pretty clear to me -- bears can push this way down here and give my count hope. More likely is that we sell off some... hit support... and close higher and bulls take the edge. But it merits watching in that time frame for an early hint, at least to me. Bears have done nothing so far that should create even a whit of bullish concern....

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