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To: JRI who wrote (93476)4/12/2001 1:06:09 PM
From: AllansAlias  Respond to of 436258
 
Non-wigglers ignore...

JRI, yes, but the 5th of the 5 looks like it might be incomplete. We could see a marginal new high here (i.e., above COMPX 1935), by just a few points relative to the spike. This is why I usually wait to see if things are real and then, when I think they are, I just try to take out the middle. For instance, let's say it really is turning, well, the giving will be noticeable and the chart huggers will note some TL will get busted, but, it will almost always bounce and allow one to get on board for the rest of the ride down/retracement.