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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (31443)	2/17/2002 7:53:24 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

So the critical juncture is how far the next up flies - will it overlap wave 1 on the daily close chart. If so the bearish case then will be in real trouble. Your'e presuming we get a next up, not necessarily a given, at least not right away. Part of my bullish case is the fact that the COMPX makes a new high in Jan and NDX does not. IMO this is a natural phenomenon. The majors lead out of declines, and eventually the focus switches to small caps. My bear count has us entering the 3 of 3 down this week. Bull case is that we have corrected the sept rally and now go higher. You can imagine which one I prefer.