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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (35150)4/2/2001 9:25:33 AM
From: AllansAlias  Respond to of 35685
 
Clappy,

I think p/c indicators such as $CPC are very important to follow, and they may well be warning us that a rally is in the works, but I am looking for extremes there before I get excited about being long. Why even think about long here? Seriously. Why not just wait until the rally builds some structure and then try to bite out a piece of it? I do understand that a few heroes will be rewarded for catching the knife, but most of the potential heroes are already under water having tried that trick.

The NASDAQ Elliott count is muddled, but I it hints at more down imo. I think the non-tech count is clearer and I am expecting another down leg there before we get a good rally. I won't be stubborn though. If she starts to grind up I'll try to catch some of it. In the meantime, I'll stick with what has worked so well -- down.

Cheers



To: Clappy who wrote (35150)4/2/2001 9:33:08 AM
From: AllansAlias  Respond to of 35685
 
I should add that I am expecting a good week this week with a turn down coming toward the end of the week or the beginning of next. Again, I won't be stubborn if it becomes obvious that my map is hosed. -g


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