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

To: sun-tzu who wrote (32960)	3/3/2002 11:37:46 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Since early November we have been favouring the bearish possibility that everything since the April/2001 low in the NASDAQ has been corrective, setting up for another down leg. This notion sees the September decline as nothing more than a 'b of 4' wave, which would not have gone as far as it did had 9/11 not happened. To see a perfect illustration of this count, look at a chart of QLGC. There we had only a minor low into late September. It's just perfect. I suggest looking at a weekly line chart. Here's one: stockcharts.com[m,a]wallyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G Wave 1: First sharp move off the top. Wave 2: That wedgey looking bounce into late 2000. Wave 3: The next decline into April/2001. Wave 4: From Apr/00: 'a' up, 'b' down (Sep), and 'c' up. Wave 5: Just started? If the January high gets taken out, we have something much more bullish on our hands.