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

To: Jack of All Trades who wrote (6420)	7/6/2001 2:46:23 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Nope...on sidelines...I'm not going to play a "crash" scenario, but I will play a clear 3 wave....the "meat" as AA likes to call it.... I think we've got a 3 wave to come...within days... But I am a little worried about accumulation of funds in MM Rydex...also, today's volume low....crash's need higher volume... If I get my wedges next week (as expected), which (hopefully will burn off some of that Rydex cash), I'll get positioned towards the end of next week...promise...g BTW- If we can rally into close, I will look for one more break(down) early next week, my 5 of 1....I'll play that 5 if this 4 counts out right...which means we need to rally here..(20-30 pts up).. Oh, also, I could see some taking profits this afternoon..short-covering...was a fat few days