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To: Shack who wrote (38528)5/9/2002 8:04:34 AM
From: skinowski  Respond to of 209892
 
<<more unpredictable shapes like expanded flats, double-3's or other freaky flattish/zig-zaggy things>>

One of them could be a triangle. Those guys love to be 'B's or '4's. If Mr. Market decides to draw one now at high levels, odds are it may be a 'B' before another leg up, to match that of yesterday's (making the entire evolving advance a more likely "three")... If we pull back, and THEN start "triangulating" on the way down, it's likely a 'b' of a little 'abc' down, before again we schuss up in a larger C (or 3).



To: Shack who wrote (38528)5/9/2002 8:10:05 AM
From: john722  Respond to of 209892
 
I'd Say We Need a Nice 25%

haircut in all the Indexes to get some nice capitulation
(I'm not fooled by this apparent Options and Distribution
game played yesterday. Adding annutter 1/3 to my QQQ Shorts
on next rally after the pullback). Actually, Should go 50%
because I covered AH Last night on CSCO News. Went long and sold open (way too early, but better than a loss I say.
Let's see what these Boys are made of Next Week........


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