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

To: JRI who wrote (16516)	10/14/2001 11:05:36 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Stochastically.....is that a word? As with the DOW, the COMP could be only done an extended '3' with a 4 and 5 to come. Its '3' counts as a 3-waver otherwise IMO. Tough to say right now. For me what is important is that either way, what we are essentially seeing in these indices is a topping pattern. The time for low-risk longs has past unless you are an intraday wiggle-rider. As a position trader, I am looking only to add to shorts at this point. Edit-BTW regarding cycles, I have seen cycle tops hit on the top of corrective 2's. And the Oct 11th cycle turn was supposedly pretty important but it looks like a non-event. Cycles are just part of the puzzle for me, especially since I know a pitiful amount about them.