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To: velociraptor_ who wrote (28108)1/15/2002 10:45:02 AM
From: velociraptor_  Read Replies (1) | Respond to of 209892
 
One more thing...the size of this up from yesterday's low, so far exceeds that of any small bounce in the last wave down. It looks more like the size of the correction that occured 3 days ago and took a full day to develop. If so, then we should peak out sometime this afternoon and start falling again for a last wave down. If we don't start falling by the end of the day, then we start building on a corrective that may be one degree larger than the one from 3 days ago and that means we have our downside complete for now.

FWIW, I favor one more downside move to bottom tomorrow, and then a pop for the larger degree corrective into the 17/18th.



To: velociraptor_ who wrote (28108)1/15/2002 10:49:02 AM
From: john722  Read Replies (2) | Respond to of 209892
 
Velo. We are in the C of 4 Which Should

take us to the bottom of the 1 down (QQQ Chart). Then the 5
will equal the 1................... IMHO.