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To: AllansAlias who wrote (3913)5/31/2001 2:12:37 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
I'm curious why you find this rally ugly?

I see the NDX up more than the COMPX, so the generals are leading. The SOX is up nicely. Since we retested 2100 this morning, we've slowly nibbled our way up. Yeah, it's been slow and steady, but 1.5% in a few hours on the Naz isn't too horrible, is it?

Mind you, I realize that the 5 is the prize, and I'm not playing this at all, but what are you watching that I'm not that makes this ugly?

the freep, always wanting to learn learn learn



To: AllansAlias who wrote (3913)5/31/2001 2:18:01 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
I'd love to see us get near your target (2185), for I think the wedge break is a natural "get out, and reassess- something else might be up" point if the market continues up (past 2200).....agreed?..I like the r/r of potential 1% loss vs. potential multi-% gains (of our 5)

I'll be doing some serious number crunching tonight...given how far we came today....I'm likely disregarding 2045-2050, and will look to leg in higher...2170-2185 maybe...but have to look again at Fibos, and all other stuff..

So far, so good...this 4 is doing what it should..gap up tomorrow would be just beautiful....hoping we hold current levels by close..

edit: Just remembered that bobcor is looking for a flat 4 here (after sharp 2)...don't know if the character of today qualifies for a "flat", but perhaps I shouldn't disregard that 2150 level so easy (it is a 38% fibo vs., I believe, we did a 50% on the 2)...BC's been (also) spot-on as on late..



To: AllansAlias who wrote (3913)5/31/2001 2:28:04 PM
From: velociraptor_  Read Replies (1) | Respond to of 209892
 
Allan...if you channel the current down move you get overhead resistance on the Naz at 2140. Not to say it won't go higher, but it's a good spot to pause. Rising wedge also has apex below 2170