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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (173821)	11/24/2008 2:31:23 PM
From: The Freep	Read Replies (1) of 209892

Resorting to wiggles... another push up here could look like 5 waves complete from the lows. I was expecting a bigger pullback in what I thought would be the 4. But my point was that in either case, a pullback to the levels you mention would fit. There's also no saying we do pull back and that the upmove extends, as sadism to those caught on the wrong side has been a clear market theme! I have to say that should this be the low, my whole idea that semis would be the big bouncer as they were far ahead of things on the downside is ALSO proving to be incorrect. Not that the SMH gain is small (though the INTC gain is), but it's not the outsized leader I'd have thought.

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