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To: Shack who wrote (73774)3/1/2001 12:37:13 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
We must be watching a slightly different line. (Take it to PM if you want. Poor souls here aren't use to this up close and personal chart chasing.). As per a recent post, I make the failure at noon. At a juncture like this we could just whip around some more, fooling teeny TF chart huggers both ways for awhile. When in doubt, move out to a wider timeframe.

I know it's lunchtime, but we are right at the cliff-edge here. Today's action looks like a simple corrective wave. Preferred count is very bearish here. Nobody can know, but this is one of those time imho when the chances of all hell breaking loose goes from something less than 1% to probably 10 times that -- still very low. The corollary to this is probably that the chances of FedBoy gumming up the works probably goes up just about as much.