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To: AllansAlias who wrote (24877)12/12/2001 1:06:56 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Ahhh I see. All I have off the top in tech is a down-channel which looks like a bull-flag.

Whatever the structure of this putative '4' (and they are hard to count by anyone's standards), it may end quicker than we anticipate. Forgetting Elliott for a second, we have been 'consolidating' now for 4-5 days. I'm actually oversold on the daily stoch settings I use for heavily trending markets.

Bullish SOX count:

angelfire.com

I am not playing the short side from here.



To: AllansAlias who wrote (24877)12/12/2001 1:18:03 PM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
NDX back up against the TL from the underside as the bounce puts in a second wiggle leg equal to the first. This is the inflection point where an a-b-c turns back down or we get something bigger from the second leg. I bought the pullback late in the lunch hour. Anything back to the area and I am out for flat.