To: AllansAlias who wrote (95216 ) 4/17/2001 9:45:11 PM From: Perspective Read Replies (1) | Respond to I forgot to include the bullish NDX scenario as one of the slow mice. I think you posted something about this, but the importance of the nature of this Naz rally can not be stressed enough. The fact that this thing is unfolding with more than two significant uplegs indicates that there will be a second upleg to come - a kind of an echo. For e-wavers, it is turning into an obvious five waves up. While it does little good to recognize that now if you've been expecting corrective down, it means that the next move down will be a BUYING OPPORTUNITY. As hard as that is to believe, it is the message being broadcast by the action.IF we get the breakout upside tomorrow, it will be a wave five of A. Then we can finally get some corrective down, maybe to round out the head & shoulders bottom that is forming up here. I will be buying this bottom, and may actually be crazy enough to be net long for a few days. There are few setups as plain as five waves up and a head and shoulders bottom in a deeply oversold market demanding one more corrective leg up. Buying the next string of down days will be pouncing on the slow mouse.
