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To: Shack who wrote (3384)5/24/2001 9:38:42 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Meaning....its collapsing? (Very bearish scenario?)...or does that force any up wave to be corrective?



To: Shack who wrote (3384)5/24/2001 9:40:48 AM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
No, it's over for me. Just too many breakdowns.

IMO, we must consider the up we had to be corrective, and the best scenario there is that it was a 'b' top as per previous post.

We would be wise to put our heads together to develop a strategy here because corrective up is coming, likely very soon, and if we believe that it is a setup for more 'c' down to finish out 'B' wave, then it'll be the meat of the move.



To: Shack who wrote (3384)5/24/2001 9:41:56 AM
From: JRI  Respond to of 209892
 
I am thinking we get some up here soon....even if corrective.....maybe COMPX needs to hit 2220 first..

Purely a stochastics hunch....not sure what the waves say..



To: Shack who wrote (3384)5/24/2001 9:48:45 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Under the faint hope clause: I note that COMPX did not violate what we saw as wave 1.


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