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

To: AllansAlias who wrote (7391)	7/18/2001 8:45:29 AM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

They say that which does not go up eventually goes down. Perhaps in a bear market, the reverse is true. Interestingly, we still haven't hit downside targets of 1870 COMPX and 1470 NDX from the H&S tops (targets hit on SPX and INDU). That would line up well with your "e." However, a lot of falling wedges have broken to the downside in this bear market in climactic sell-offs, so I would watch those lower trendlines on any test. Well argued call, and gutsy too. I think 2600 COMPX may line up with the main downtrend line, but I haven't checked it in a while. Now if only we could do something about those 2-to-1 II bulls...