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To: AllansAlias who wrote (10157)8/16/2001 11:27:04 AM
From: AllansAlias  Respond to of 209892
 
Following the wiggle scenario for which I posted a line-art diagram, we are getting a hint here that the bullish scenario will not play out. The last move up should be a 'iii' for the bulls, but as we can see, it lacks strength. This is a strong hint to switch to a more bearish scenario for the tech correction. I am tracking it as a triangle or a flat.

(favoured)
triangle:                    flat:
                                               C
A                                A             |
x                                /            /  |
x  x  C                          | \         |   |
x  x  x                          /  \       /    |
x  x  x  x  E \                 |    |     |     |
x  x  x  x  x  \               /      \   /      |
x  x  x  x  x   \             |        | /       |
x  x  x  D      |             /         \        |
x  x             \           /                   |
x  B              |                              |
x                 |                              |
                  V                              V



To: AllansAlias who wrote (10157)8/16/2001 11:29:55 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
A poll? My answer is YES. Damn, I'm so good at this, I don't even need to know the question. Bet you're all impressed.

soxx leading what little recovery there is. And MM, don't feel bad about not buying soxx puts. I closed mine out on Tuesday shortly before the close. Flat. They had more than doubled when I looked this morning. Figgers.

the freep


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