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To: Bull RidaH who wrote (60567)9/6/1999 11:48:00 PM
From: Death Sphincter  Respond to of 86076
 
should that scenario be correct than,yes, another 3 legged(abc) down would be next......this is not my favorite view

should it turn out to be an "A" down from July and "B" up to Aug 25th....then you could be looking at a "C" down with 2 of "C" ending before the high of the 25th..with 3 of C in the wings

both cases call for 'short' at your level of 1362ish with appropriate stops in place

of course, a bullish count or continuation up can also be constructed, and I have some that I am watching...but will not consider them at this time....now if it closes above 1382 it will get interesting

just trying to trade the flow with a lower bias at this time
...much lower

Joe Stinkgutz



To: Bull RidaH who wrote (60567)9/7/1999 6:26:00 PM
From: Death Sphincter  Read Replies (1) | Respond to of 86076
 
did you see that SPX reverse at 1362ish????? MY GOD IT IS TRULY MAGIC!!!!!!

I am so humble I can hardly stand it
Modest Smells