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To: Perspective who wrote (1280)4/29/2001 1:46:57 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
BC,

One of the problems with this move in NYA (and related) is that we have come so high that one has a hard time seeing this as a wave 4. This was mentioned here last week, but if this is a 4, then the bottom of a 1 has to be above this level. Do you see any such count that would work?

I mean, what impulse do you see this as correcting.

I reiterate what I said last week -- the technical damage done by this non-tech push is impressive. It is difficult for me to accept that it just rolls over and gives it up again.



To: Perspective who wrote (1280)4/29/2001 7:18:45 PM
From: velociraptor_  Read Replies (1) | Respond to of 209892
 
That's just it...from a fundamental and liquidity standpoint, the bearish count would be more likely, but in the big picture, I also don't have a valid count. That's part of the problem.


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