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To: pater tenebrarum who wrote (28545)10/16/2000 11:03:25 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
This weekend I came up with two scenarios.

In the first, we start to go back down almost immediately, say, by Wednesday. (For wavers, this bounce is only a 4 and 5 is pending.)

Under the second, we go sideways/up for 2-4 weeks.
(For wavers, this would mean we completed 5 down.)

The SPX chart looks to me like it only got 3 down waves in.

A quick descent from these levels would shake the bulls very badly and would setup an environment where we could have some weeks of rebuilding before BK.