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To: Shack who wrote (969)4/26/2001 9:47:48 AM
From: AllansAlias  Respond to of 209892
 
Staying the course... this, so far, looks like a 5th wave gap and trap.

(Nice move JRI. I know you know, but you're ahead now so make sure you got dem stops in play in case we get fooled here. Cheers)



To: Shack who wrote (969)4/26/2001 9:56:54 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Musings from the weeds...

I show COMPX gap as not closed (I am using yesterday's late afternoon high as top of gap.) NDX closed it some time ago.

NDX nice struggle here to hold TL coming off yesterday's early afternoon low. Showing good fight so far.

Little failed breakout on SOX TL coming off Apr 20 high. Nice fight there.

ECB holding rates as bears predicted. That's not bullish for the clownbuck.

Getting MSFT count right is a key. Does it have that one more high in it that we have whispered about. That would help a lot to mitigate wider down. Perhaps it'll hold it up some at the turn and then start to give as we hit our stride in our little 'c'.

See GE? C'mon non-tech, you *have* to turn now or Brafoo has to go through the bag of alternates.

I like AMCC here as a leading short. (I admit that I pretty well always like AMCC as a short.)