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To: The Freep who wrote (18199)10/26/2001 1:07:25 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
That's it. Booked it. I hate tortured up.



To: The Freep who wrote (18199)10/26/2001 1:11:51 PM
From: AllansAlias  Respond to of 209892
 
First of all, this is "inside counting" wiggle talk, and I don't want to waste too much bandwidth on it.

What I saw was a bold move, yesterday, followed by a consolidation off the top that took the form of an a-b-c-d-e triangle. The setup is to buy the 'e' wave just when the chart-chasers usually give up. Said 'e' waves often push to the ouside of the consolidation (thru the lower line) and chart-chasers hate that. You can see them give up on the volume spike. Anyway, so I see a rise, and then this Elliott triangle, so I give the bull the benefit of the doubt and assume it's your standard wave 4 triangle. It might not be for all I know. When I am inside counting I don't care. If we go to new highs here it will have very likely been a 4.



To: The Freep who wrote (18199)10/26/2001 1:28:36 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
All of the triangle talk referred to NDX. It did not hit a new high, so the jury is out on whether or not it was a '4' triangle. It's all jello to me, which is why, here, I like to book 'em early. I am glad to be watching at this point.



To: The Freep who wrote (18199)10/26/2001 1:42:18 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Dow and COMPX are giving up their up-channels out of yesterday. That's not the sort of thing that happens if we are still pushing impulsively.

Short NQ. Target is COMPX 1755, +/-5.