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

To: martin001 who wrote (5446)	6/20/2001 1:15:58 PM
From: JRI	Read Replies (3) \| Respond to of 209892

You know, wouldn't it be the ultimate sucker rally if we bounce off the Sept. trendline here (after threatening to break down big-time)....and then COMPX rages up for a month/month and half or so (our "C"), setting up a downwave that will have bulls gaping "what the freak....thought we double-bottomed...thought the bear was over"...the more certain Wall Street is that we've turned the corner, the greater the disillusionment when the rally fails again.. A bounce right here...and many technicians will be calling the bear over too....there will be excessive bullishness, IMO, if we hold here, and then break 2332... It going to take more than one headfake, bring-in-the-suckers rally, IMO, to destroy the "everyone gets rich" feeling about the U.S. markets that J6P has developed over last 20 years.....we need a few more waves of disillusionment, before we get to boredom.... Right here would be a nice place to build the false hope again....