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To: Nathan who wrote (7085)7/13/2001 12:29:17 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
I can't speak for the "experts" (I'm way down on the bench here...called for only if the pitchers are the only hitters left)..

Assuming that the move off of COMPX 1931 was impulsive (and I don't think that's a given yet):

We are either in 5 of a 1 (and, inside that 5 of 1, maybe a 4)......or we have started a "c" of a-b-c 4 of 1...meaning a 5 "up" still to come early next week/maybe starting late today....if this is a "c", we should be going down this afternoon pretty good)..

I am now favoring the 1st scenario (inside 5 of 1....this is our 4, and we get one more pop this afternoon)...since we are not moving from the recent high.....if its a "c" we should see down shortly after lunch, IMO..

Sometime next week, we should get some correction to this recent up, but it could just be correction with an up trend....Do check often on thread...there are multiple count possibities here, and it is yet impossible to know if this is our "C" (huge move up off 1931) or something else....