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

To: Perspective who wrote (10266)	8/17/2001 10:29:28 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Yes, this is the count we both like for the bear case, but I would think that your recent labels of 1-2-i-ii could just as easily be simply 1-a-b. In other words, the rally from 8/10 to the 8/14 high could just be the 'a' (up) of a flat and yesterday's/today's low is the 'b' (down) with a brief 'c' rally to come. SPX should get below 1166 if this is in play. We already kissed it this morning so this mildly bearish sceanrio is under threat. The alternate, as you labelled it, is going straight to hell starting today or Monday.