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To: JRI who wrote (18209)10/26/2001 2:03:02 PM
From: AllansAlias  Respond to of 209892
 
Like I said, only looking for COMPX 1755+/5 at this point, but hey, if it keeps going, very kewl.

Booked short for now as market enters some think time imo. Playing hit and run today.



To: JRI who wrote (18209)10/26/2001 2:14:52 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Slightly OT, inside counting talk

I am always tracking two scenarios as I trade and let the market tell me which one is more likely as it builds price bars. The reason I covered there before my target is that the scenarios join at the spot I covered. In other words, it's another of those inflection points. If we are indeed pointed down in a 'c' to COMPX 1755 or so, then we must first take out COMPX 1775. Until that happens, the immediate bullish scenario stays alive.

Does anyone else see why this is so?



To: JRI who wrote (18209)10/26/2001 2:36:43 PM
From: AllansAlias  Respond to of 209892
 
Here we go now I think. Bullish scenario target is COMPX 1760 +/-5. (revised from 1755 +/-5)



To: JRI who wrote (18209)10/26/2001 2:39:28 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
I want to be clear here, that 1760+/-5 target is based on a subsequent rise to the close -- the bullish s-t scenario I favour. Therefore, I am more interested in the possible turn than I am in this down. Below the target cited and I stand aside and think more bearish thoughts.