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To: Shack who wrote (21161)11/14/2001 2:13:30 PM
From: JRI  Respond to of 209892
 
Sold it....I was only looking for a scalp, and got it...likely a lot more in, but I'm taking no chances



To: Shack who wrote (21161)11/14/2001 2:14:56 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
I see exactly what you mean. That was a very weird little downdraft.

This is too ugly. I'd rather just watch and wait and that's what I am doing now... This is o weak I am starting to think we'll get our down leg sooner than we think.



To: Shack who wrote (21161)11/14/2001 2:21:26 PM
From: AllansAlias  Respond to of 209892
 
I am short this ugly mess with a fairly wide stop. I can not see us blasting off out of this crap.



To: Shack who wrote (21161)11/14/2001 2:23:33 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Here's an idea to explain this ugly affair.

The entire move off today's lows is itself a triangle. We have seen a(up), b(down), and are now in c(up), with d-e yet to come.

Now that this occurs to me, i am sitting on my hands. A bunch of trades today that went nowhere. I'm gonna practise the trumpet for a while.