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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (23095)	5/16/2001 9:29:32 AM
From: velociraptor_	Respond to of 37746

My thoughts are that we should get a break of 2060, but not 2000. However, I will be keeping a close watch. At the moment, I do not expect anything further than 1930 or so which would fill the gap below. Regardless, the decline from late yesterday has occured in 4 waves, which leaves 1 more for now and I think the gap down could give us that. All these damn gaps and funky wiggles are making things hard to count lately, but this decline has been fairly clean compared to everything else. So, I will likely take profits within the first half houron some shorts and Puts and then wait. If things weaken more, I will get back in.