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

To: AllansAlias who wrote (5228)	6/18/2001 12:17:29 AM
From: JRI	Respond to of 209892

I've got the September downtrend line (on Monday) as being very close to a 50% Fibo retracement of the rally off of the April lows (COMPX)....around 1974....I am looking at that for playing any longs....like the cross of 2 important pts... If that goes, I am looking for ugly....If it holds (which I obviously expect, IF we visit there 1st thing Monday morn), then a couple days relief....ziggy-zag up.... Immediate up on Monday will only get me excited about picking short pts....I stil try to play it long for beer money, but hard to get real excited about anything long between 2045 and 2100...the thing could fail and any point and turn (a scalp immediately after 2045 might be worth a few pts...) Lots of broken toys out there....