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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (95193)	4/17/2001 12:36:13 PM
From: AllansAlias	Read Replies (2) \| Respond to of 436258

OK, so now we get the bounce. Fine. You'll know what I mean when I say... If the new scenario plays out, then this bounce will be a headfake followed by another down-leg. Who knows if said down-leg makes fresh lows vis-a-vis the low we are bouncing from now. If everything looks OK toward what I think is the end of this next down-leg, I'll wait for it to swing up, noticeably, then try to bite out the middle, because if this nefarious thing unfolds, it should be glorious. Time is an issue here. The way this is playing out, it would be mid/late afternoon before we could start the next up-leg. That may leave me in the unenviable position of holding overnight to catch the meat of the up move. I doubt that I would do that, but I just may. Of secondary importance to me is the sort of formation we make here. I would want it to be something bullish or at least something that coils some power. My preference would be a nice fat triangle or a bullish flag hanging off the spike.