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To: The Freep who wrote (5222)6/17/2001 10:58:20 PM
From: AllansAlias  Respond to of 209892
 
I'll tell you, it has to happen soon or we are going to retest the lows. This is poised over the next level of hell. The odds play for that setup is that it bounces. No bounce and the bear will be feasting for weeks.

(Recall that I am saying we hit new marginal lows early this week before we bounce hard.)

The COMPX is very close to the Sep/00 downtrend line that it broke through mid-May. Nothing is more important than that. If that goes, thus producing a powerful breakout failure, then it's over for the bulls.