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

To: Shack who wrote (3206)5/23/2001 10:23:54 AM
From: AllansAlias  Respond to of 209892
 
Yea, at this point it's a wee tad uglier than we'd like perhaps. Did you notice that non-tech stopped counting well during the last few days. Hmmm...

COMPX smoked the trendline and is now just below 38.2% retrace for this latest move. NDX is now at 50% retrace.

Again, we are at the point where technical failures will start to kick in, and I will not go long for anybody unless those failure reverse. Still a little ways from that state of affairs.



To: Shack who wrote (3206)5/23/2001 10:24:27 AM
From: JRI  Respond to of 209892
 
I like the idea of 2250-2260 and lunch time jello as a way to put in a bottom (end 4), and then launch the 5...



To: Shack who wrote (3206)5/23/2001 10:29:02 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
COMPX, the better counter imo as you know, just hit the bottom of what we think was the wave 4 of the previous 3 push -- the classic retrace.



To: Shack who wrote (3206)5/23/2001 10:30:44 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Why do you think we base. I favour turning and running.


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