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To: Jack of All Trades who wrote (18656)10/31/2001 12:33:03 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Not much to say Jack. I still think this up is corrective within the down leg we began this week. If we push to a new high, I'll become neutral in my stance as we would have clearly 5 waves off yesterday's low.



To: Jack of All Trades who wrote (18656)10/31/2001 12:36:21 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
BTW, if I had to make a guess, and I don't, I would say that today's high is the end of this countertrend rally. Like I said, new highs in tech would change a lot.

Non-tech has done nothing! In fact, it's down on the day .5%



To: Jack of All Trades who wrote (18656)10/31/2001 12:46:57 PM
From: AllansAlias  Respond to of 209892
 
Big volume dump in NQ. This is either the start of the next leg up, or, my favoured, we'll see a good intraday reversal to the downside kick in very soon.

The bull scenario in the smaller timeframes (the one that would see us do a 5th off yesterday's low -- this morning would have been the 3), and it's an alternate for me here, would call for a low at NQ 1374 or so. We just came very close to that.


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