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To: AllansAlias who wrote (24786)10/5/2000 10:49:32 AM
From: Perspective  Read Replies (1) | Respond to of 436258
 
LOL! I was just composing a PM for you that I thought this support line was a little too steep. In order to have a sustained multi-day rally, it will have to come down or sideways and break that support line that's held so well so far.

It's decision time for the market here. We've run pretty much the time and percentage of all the previous rallies in this downward move. If it's going to turn into a week-long rally, it has to establish a shallower trendline and post a successful test of yesterday's lows.

Not that I want it to. Not that I'm net long, 'cuz I'm not. It's just what I think it might want to do.

I know Luc hates this stuff, but countertrend rallies are a very real part of every bear market.

BC