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

To: Shack who wrote (41023)	6/4/2002 5:22:01 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

Shack, that's what I'm thinking here. For a blueprint on what we're seeing right now, check out the action off the 1832 COMP high in April. We're at about April 30/May 1 right now. The A-B-C today (with the C still incomplete) is quite similar to the 1640-1697-1641-1696 action during that time frame. That was followed by a drop to COMP 1560 on May 7, which was a Tuesday. Next Tuesday is June 11, which is in the turn time area (June 10-12, depending on calculations and style of turn). We know an options ramp followed. I'm just wondering if will actually hit a shade below 1500 by the turn next week.