Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JRI who wrote (38138)	5/7/2002 9:41:09 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Let's assume for the moment that this is our surprise #1: the market bounces rather than go straight to hell through the Sep lows. In keeping with this guide that the market will usually get most people looking the wrong way, we again have two possibilities: either this bounce will be much shallower than anyone hopes or it will go far enough that the bulls and the bears begin to doubt that we are going to plunge again. I think the first obstacle to any bounce is NDX 1190. If it can push through that then it has a good chance of surprising us to the upside with aa brief, sharp rally. Other than a few small clown longs, I have no interest whatsoever in playing this bounce. I am sticking to the wider plan that calls for a deep breach of the September lows.