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To: JRI who wrote (5511)6/21/2001 9:13:25 AM
From: AllansAlias  Respond to of 209892
 
Yes JRI, that's exactly what I'm saying. It's easy, as you point out:

1) This runs hard from the open cause it would have to to support the turn scenario.

2) This falls, slowly at first perhaps, and this warns us that we have been trapped in a freaky 4. The implications there are a little scary for the equity bulls. It would result in significantly bearish weeekly sticks.

We'll know pdq imo.



To: JRI who wrote (5511)6/21/2001 9:16:47 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
A see just now that futures are struggling. Recall that I'm trying to force myself not to trade, at least until this afternoon -- I've just been puttering around the house today not really folloing the pre-market. Anyway, I am thinking about trading the S&P for this flush, if it develops. Under our wave 5 down scenario I think it has more to give. I'll just watch from the weeds and save myself for the 3 of 5 if that develops.


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