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To: AllansAlias who wrote (3387)5/24/2001 9:45:25 AM
From: JRI  Respond to of 209892
 
I hope I'm not running at the mouth here/beating dead horse...but I think we need a good 1-2 hour flat/up (fake out/failed 5..whatever...get bulls lathered up)...to get near-term stochastics as overbought as daily/weekly....get those charts coordinated (or near)...and I think the meat (is that that steak that keeps getting passed around?) will come.....inevitable conclusion of coordinated stochatics waterfalls...



To: AllansAlias who wrote (3387)5/24/2001 9:47:14 AM
From: Shack  Respond to of 209892
 
Well, to start with, I'm looking for 3 waves. I also find that it helps to look for some stoch overbought readings at that point in the 15-min time frame.



To: AllansAlias who wrote (3387)5/24/2001 9:49:37 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
I think its important to remember that the COMPQ itself has done nothing to violate our original favoured scenario of this being a 5 of C. Unlikely based on some sector breakdowns, but things could get bullish here.