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To: Shack who wrote (21198)11/14/2001 3:59:30 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Any chance this is a 2 up off a 1 down this morning? Would explain retracing so much of it, and being so sloppy too. Just the out-loud thinking of an ignoramus...



To: Shack who wrote (21198)11/14/2001 11:09:44 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
We are very close now to my triggers for favourig Cycle Wave B. I still favour wide swings in jello for the weeks ahead, but we'd have to stop within a few percent of where we are now, otherwise I switch in the big timeframe to Cycle Wave B scenario.

As you know, that would mean that no matter what pullback we see from this move, it's a buying op'ty. The next decline that would crack the lows wouldn't start for many months, probably not before next fall.

It also means that the correction in the broader market outside of tech put in a Cycle Wave A that had 3 legs (a-b-c). Therefore, we could not expect an ugly decline for Cycle Wave C.

The bullish scenario in these wide timeframes says we have completed a 4 (a-b-c) out of 1982 and are heading to ATH. I don't buy that.