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

To: Shack who wrote (6473)	7/7/2001 3:54:48 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Yeah, I WAS thinking a flat 2......thinking wedgie.....because I knew of the big turn date in the July 17th-July 21st window....and the 2 needed to drag out a bit, in order for the 3 (and especially 3 of 3) to arrive on time (in that window) It didn't occur to me (to design a scenario) in which that July 17-21st actually was a LOW not a HIGH.....Since Heinz is looking for a LOW...then maybe the sharp s makes sense....especially given that add'l (minor?) turn date (July 11) As well, J.T. is getting pretty excited over there with Rydex MM...thinks it could be a good bounce....I reckon some shorts are really piling on now (given the chart breakdowns)...and this market's had a good record of punishing the late-comers... BTW- How high could we bounce WITHOUT setting a higher high here? Would it get measured off the 2181? (In other words, we could get anywhere below that...not saying we are going that high.....but anywhere below, and we have not set a higher high on COMPX?)..