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To: Shack who wrote (92331)4/10/2001 2:42:11 PM
From: AllansAlias  Read Replies (3) | Respond to of 436258
 
I wasn't thinking about a lid on the move. I was more interested in talking about a *fairly* obvious inflection point where the r:r is good. Another one of those situation where a retracement walks out a certain line and then gets to the point where it has to show its hand one way or the other. In this case, it played out as further down.

I am selling this bounce. I think we get another down move, maybe not big, but noticeable enough for a scalp.



To: Shack who wrote (92331)4/10/2001 3:02:07 PM
From: AllansAlias  Read Replies (3) | Respond to of 436258
 
That's it for me. I am quitting after this one. Todays score: 1 decent long, 1 whipped short with slack stop, 1 draw, and 1 whipped short with tight stop. They ain't getting it all back!

If the SOX holds 520 it'll point to some follow-through. It'll be fun after this week to throw this up into the voodoo box and see what it spews out. -g


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