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

To: AllansAlias who wrote (5702)	6/23/2001 10:27:07 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Re-read your post several times. Thanks. During the entire week I was accumulating stock positions and Dec-Jan calls on Q’s. I saw a completing ABC on the SP500 and the DOW, which helped me keep confidence about the bottoming in the NAZ. Will size down if and when a completed 5 wave structure (on an hourly chart) will take shape, and then try to re-enter on a pullback, for a presumed 3 of C (3 of 1 of C?) We get so conditioned to be contrarian, that every time there is an appearance of a consensus, we get nervous. Helps to remember, that all Elliotticians put together are still but a tiny minority. Moreover, if what you expected is happening, that does not prove you wrong, does it? ;-)