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To: Shack who wrote (92227)4/10/2001 12:59:16 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
How do you know that would conclude this C? (if that's what we have as you say) It may well, but I'm curious why you think you know the terminus here. Just a fat resistance call?



To: Shack who wrote (92227)4/10/2001 2:05:06 PM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Non-wavers turn away...

The move up from yesterday counts out ok, but on such a strong move one has to be careful that you don't have an extended wave on your hands -- e.g., a 3 that subdivides very clearly into 5 of its own. This can lead one to see the end of the move prematurely. So, we have traced out a little a-b-c off today's top. If this is just a minor correction on our way to new highs, then it will end soon. If it's the correction for the move as a whole it'll give from here. IMO, it's a good r:r setup right here for either direction.