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To: JRI who wrote (93274)4/12/2001 10:32:00 AM
From: Perspective  Read Replies (3) | Respond to of 436258
 
I don't expect the volatility to go away any time soon. Look at Allan's charts on the two real bears last century and you can see that. Also, check out the recent volatility. In case you hadn't realized it, the *average* intraday swings now are running several %. Our goal here should be to rectify the noise as much as we can.

My targets are intraday, and very achievable over the timeframe. Again, I'm looking for something that unfolds like October 2000. Just have a look at that for my scenario. If I'm wrong, I'll lose money but rectify the situation. I'd be wrong here if we make a meaningful push to new highs for the move in the next day or two, or if we break down to new lows before getting one more significant up push off a retest.

Allan and I disagree on the "one more leg of up" for Naz, although there is a scenario that just came to mind where we both get what we're looking for. Wouldn't that be interesting...

Tried Allan's stick art, but the editor deletes my spaces. Have to find out how to keep it from doing that.

BC