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

To: AllansAlias who wrote (6347)	7/5/2001 8:01:06 PM
From: JRI	Read Replies (2) \| Respond to of 209892

"Train leaving station..be careful" comment.. If you are talking tomorrow, yeah, I'd agree that its 50/50, or 60/40 in favor of much more down after a good gap down....bounce lurking somewhere Fri or Monday... If you are talking next week (or post-bounce).....I'd disagree and say now YOU'RE being too cautious....we have broken down massively here....H&S patterns all point much lower..sentiment indices just turning harshly down from high levels.....we are going into the worst 3 investment months of year (for longs)...I don't know how much more we can want going for us (outside e-wave count..whatever that is now)..but it would be ONE SUPERHUMONGOUS HEADFAKE if this thing got pulled out of the fire here...I just don't see it... Any bounce, and one should get positioned for more down......do you disagree? Outside possible heavy short-positions, what's going to save all those failed patterns from resolution?