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To: JRI who wrote (18303)10/29/2001 8:58:07 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
The down s-t scenario says the grind out of the 19th low is a 'b' (the 'a' would be decline starting the 17th) and we need a substantial 'c' down before new highs.

The up s-t scenario says we are rocking here in a 5th and will push up hard.

I am undecided and will just sit back through the open and learn as Lassie barks out the price bars. Among the triggers for me is NDX 1435. If that goes I believe we are headed down in the 'c'.



To: JRI who wrote (18303)10/29/2001 9:23:36 AM
From: John Madarasz  Read Replies (2) | Respond to of 209892
 
I believe the FED will support the market somewhat into wednesday, with the usual EOM tape painting scenario from major institutions... but don't hold me to that<gg>

As I've said before, wednesdays have marked some very significant changes in trend in the past 12 months...I'll try to post a chart of this later today, or this evening.

Good Trading dewd


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