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To: AllansAlias who wrote (14219)9/21/2001 11:20:26 AM
From: JRI  Respond to of 209892
 
Calling all bulls...calling all bulls....better get your act together here...

Nothing like huge failed comebacks to absolutely crush bull hopes....we just went right thru your 8181...EASY..



To: AllansAlias who wrote (14219)9/21/2001 11:22:16 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
How devastating would this be psychologically if we close below 98 levels after that big-a$$ rally fails..

Any time left for a save?

These daily charts looks ridiculous...like long-term COMPX charts, all of them!



To: AllansAlias who wrote (14219)9/21/2001 11:33:48 AM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Yep, I'd missed that one. DJIA bounce is absolutely three waves, making it highly unlikely that this correction is of much higher degree. It is either already done with a sharp one-hour short-covering rally, or has an impulse "c" left this afternoon to complete a flat, as I'd postulated before. Of course, far more unusual corrective patterns are always a potential, leading to lots of frustrating jello for the rest of the day. We haven't had any expanding triangles yet...

I'd say the best bet for today is just sell strength and buy weakness; no trend following until something says the corrective up jello is done.

BC