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To: oldirtybastard who wrote (14210)9/21/2001 10:49:54 AM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
Yes, let's see now what happens. This is the inflection point. We have a clear 3 wave advance off the lows. Do traders now feel emboldened to step up and buy after the short-covering rally? If so, we'll see a 4 wave built as that fight goes on.

Level to watch for putative wave 1's not being violated:

DOW: 8181
COMPX: 1410

I feel no more emboldened myself. Technically, the danger is far, far from passed and I wouldn't buy this dip -- period.