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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (1336)	4/30/2001 11:31:38 AM
From: JRI	Read Replies (1) \| Respond to of 209892

As much as I love the 2200-2250 resistance area and all that it entails...what'll really open up the bull's brains..start conversation of 3000 again, get the P/C ratios way down, sentiment up, etc....would be a false break of 2200-2250......a bulltrap to equal the cunning of that last bear trap...I've seen on several sites: a measure of 2200 NDX as completion of the inverse H&S...although I doubt we get there ....I'm starting to think that may be a good "C" target top (stopping somewhere between 2000-2200 NDX)....setting up the next real big-down leg... So, I actually would love to see your "5" play out by tomorrow....and give us our "c" down leg op starting tomorrow...coordinated with a Dow/SnP down turn...to be followed by the bull-trap "C"...maybe into Fed meeting/end-of-May? I think I'll be running errands starting in a few, waiting for this thing to get closer to resolution.....hope I don't become an extention of the Shack shower/Allan walk-the-dog turn signal <G>