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

To: Shack who wrote (17367)	10/20/2001 2:52:47 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

After reviewing the week, there is nothing to add. I expect that this corrective rally has to put in some structure, so I can see it lasting into Tuesday. The decline lasted 2-1/2 days. It can be expected that the countertrend would last at least 1-1/2 to 2 days. More importantly, it has to build some structure. The S&P has only had a single simple push. It'll need some pullback and another push. If I had to guess, and I don't, I'd look for a fakeout down Monday at or just after the open, and then the rest of the corrective push from there. As long as this second push does not get out of hand, I'll probably add some speculative short money to the already sizeable pile. I would lift this right away if it did not turn down to confirm my roadmap.