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To: Robin Plunder who wrote (38103)5/6/2002 5:50:02 PM
From: jimcav  Read Replies (1) | Respond to of 209892
 
Yes, many bearish candles, but since you obviously use them, I'm sure you have noticed how it is actually not atypical at all for a bounce to occur after the 3 B C's, prior to a resumption of the down. Unless we were to rally above the first of the crows or not follow through downward within a couple of days (3-4), I would say that the crows were still in play.
Please don't get me wrong, I'm still firmly in the bear camp, as are most here I believe, but it would not shock me to see a couple of day relief rally from near these levels, setting up for a more drastic washout.
Or of course we could crash tomorrow! GG Just throwing thoughts out.



To: Robin Plunder who wrote (38103)5/6/2002 6:28:40 PM
From: JRI  Respond to of 209892
 
Robin- Hi..I agree that the charts are plain ugly, and don't support a significant bounce of any sort....I am talking (mostly) about the one/two day variety....only for risk-friendly sorts...g

Thanks, though, for keeping the knife-catching instincts in me on a bit more even keel-g...any bounce attempt "catch" I would take would HAVE to come at some decent resistence on Soxx or COMP/NDX...

As always, rooting for the big gap down morn...like those better for turn days-g