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To: JRI who wrote (633)	4/23/2001 10:38:13 AM
From: Perspective	Respond to of 209892

Well, Allan's COMPX 2108 level could come into play. Also, the bottom TL of the gently falling channel off the high could provide resistance. (but it's a little close for the presumed 4 of this 1 down) [EDIT: Also should have noted the gap will play into this. Might get back to this morning's gap, and if it fails to penetrate the gap, it would be nice confirmation of this weakness.] For this to continue to be the nice, impulsive down I'm hoping for, it would have to stay away from that 2140 low from yesterday. It doesn't say we aren't in "B" of 4 if they overlap, it just says that "B" isn't likely to be as deep as I'm hoping for. Remember, my intermediate-term roadmap is to find a buying opportunity in here to scalp a little of "C". While I prefer trading on the longer-term trend of down, I'm always mindful that we're in a short-term downtrend in the context of an intermediate-term uptrend in the context of a long-term downtrend. Hence, small bets all around. When short and intermediate both point up, bets get bigger. And when all three arrows are simultaneously pointing down - it's time to unleash the hounds. BC