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To: Shack who wrote (19725)11/6/2001 8:05:58 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
I'm seeing a lot of resistance on COMPX just above today's high:

cache.wsrn.com

Got some big wedgie thing off the 9-21 lows.

I show the March 2000 downtrend line at about 2500 right now. Don't scare me. -g-



To: Shack who wrote (19725)11/6/2001 8:08:26 PM
From: JRI  Read Replies (2) | Respond to of 209892
 
Shack, I see the following, coming dilemma:

Tomorrow, I think we go down..if not at open, soon after...Qcom I think will drag down Soxx, which will drag down COMP...so we get a little breather...if we gap up somehow, I will go to a 3/4 position on my short, and I think that'll be a gift..

Having said this....the new count looks right, and makes sense to me (5-3-5, right?)..If so, down tomorrow would mean a "2" here,no?..

The dilemma? I don't wanna get caught when the 3 of this C starts...it could/should be massive..having said this, Monday's morning's gap screams to get filled (at some point)....but will it be done on the 2 down here?

I guess I should be looking at some Fibo's here...whadda put odds that any down tomorrow morning could be 4 of some kind? (meaning a 5 rally coming soon after)