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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (29125)4/25/2000 5:16:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
LOL! ok, i admit i went a little overboard with the doom and gloom last week. but then you have to admit that the evidence provided by the market has changed quite a bit with the combination of yesterday's and today's action. and i DID say that the bearish wave count was endangered. btw, i'll do a review of all the relevant charts and indicators tonight, and who knows, i may change my mind AGAIN....

anyway, imo the question now is not whether we rally or not, but how far will it actually go? btw, i would expect that it won't be a smooth affair, but rather one characterized by a lot of choppiness and whipsaw.
the OEX/SPX/Dow have overcome ST resistance by their downsloping ST moving averages today. could be that we'll chop around a bit until those have flattened out and then advance from there. ECI could still upset the apple cart, but somehow i don't think it will.