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

To: AllansAlias who wrote (4862)	6/13/2001 4:00:02 PM
From: JRI	Read Replies (4) \| Respond to of 209892

You know, maybe we need this little tease today (and early tomorrow) near 2100 (maybe gap down on CPI?).....then, we can go back up into the comfortable 2150-2170 zone for Friday... Why? Last time we made a trip here (2105), the p/c shot up, and lead to the hellacious bounce.....in order to prevent that, maybe we gotta get folks quietly comfortable with hangin' around near 2100....don't want folks worried when the REAL DEAL hits....complacency will kill any bounce... That way, in a couple days, when we pound thru 2100 (my ideal scenario)....there will be no fear to produce a bounce at 2100....that technical level will be busted, and voila... Having said that...shite man, this is too close given I am not yet positioned....hope the criminals jam the futures tomorrow...I gotta put a scramble plan in place here if we take it out on a morning gap down...