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To: 4rthofjuly007 who wrote (16688)10/16/2001 12:53:26 PM
From: AllansAlias  Respond to of 209892
 
A few points below this morning's low would be too much at this point. It's a question of time as well. As the day progresses, the tolerance for a decline becomes less and less, since the scenario in question is a rising wedge. So, for example, by 3pm today, it would have to stay well above this morning's low to stay in the wedge.



To: 4rthofjuly007 who wrote (16688)10/16/2001 12:59:22 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
BTW, odds are, for the 'ending diagonal' scenario, we would move up sharply quite soon.


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