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To: JRI who wrote (749)4/24/2001 12:04:44 PM
From: timers  Respond to of 209892
 
correct me if i'm wrong but didn't we just follow this chart just about exactly?



To: JRI who wrote (749)4/24/2001 12:14:00 PM
From: Perspective  Respond to of 209892
 
Yes, I think AA may have been to quick to dispense with that scenario. Like I said, the 4 is only violated if we take out 2135. However, the behavior at a test of yesterday's gap should be telling.

I'm now picking up my long, for the coming afternoon move up. Activity since early this morning is consistent with a zig-zag up, which will likely make new daily highs. I expect to sell around yesterday AM's gap, but reserve the right to modify that if the zig-zag looks like it wants to morph into an impulse. Line in the sand is 2135 there.

BC