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To: upanddown who wrote (54230)11/8/1999 4:43:00 PM
From: marc chatman  Respond to of 95453
 
<<is that for history or symmetry?>>

Two more reasons which hadn't occurred to me. <g>

My reasons -- I'd like to see a macd divergence on the one-hour chart for the OSX, and if my amateur wave reading is correct, a dip below Friday's low would constitute a 5th wave to complete wave C, which would complete the correction. (Better look to the pros for the wave count, though.) Of course, individual stocks may vary from the OSX, so some may not fit this pattern. Also, for those who believe the future path is up, we are only talking a few % points here, and some may feel the risk of looking for one last move down isn't worth the risk of missing B2K.