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To: Shack who wrote (18481)10/30/2001 1:49:56 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Could. If it's a simply a-b-c, with a=c, and I am using NDX as the basis here, then it will end soon. Do you have reason to believe at this point that this pop will exceed it's putative 'a' -- perhaps you are tracking this as a 5 waver initial corrective leg.



To: Shack who wrote (18481)10/30/2001 2:02:59 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
And I am back in the weeds while it decides if this is worth more than a simple a=c correction.

Very nice pop though.

Just to move back now and sync with our favoured count:

We see the down begun Friday/yesterday as a 'c' that will setup another up leg of the rally off the Sep 21 low. The up we are seeing off today's low is probably only a small correction before we get more down from that 'c'.

Some have postulated that the 'c' is over, so I guess that's the bullish alternate here.