Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JRI who wrote (3895)	5/31/2001 11:13:50 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Why did you give up on 4 of 3? The 2 of 3 was shallow, so expect the 4 of 3 to be sharp. I am not saying we did a 4 of 3 -- nobody can know that. We may well already be in the larger 4 (i.e., the 3 wave is done). The thing that counts is the character of the down we are now seeing. If it is ugly and overlapping, then it is likely just a 'b' down, where the rally we had late yesterday and early today is an 'a'. Here's the trick -- let's say it's a 'b' down here -- well, it could be part of the 4 of 3 or the larger 4. No way to know. So far, this down is ugly and that makes me feel it's a 'b'. Only a sudden down move would change my mind. Cheers