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To: JRI who wrote (42951)6/25/2002 10:38:46 AM
From: AllansAlias  Respond to of 209892
 
The only thing that would change my mind is if this continues to rally setting up:

1) A 5 wave sequence
2) Continued skepticism in the trader types

I stand by my observation yesterday when this move was in the early stages that traders were too eager to short it; that they thought "we go lower still... and soon..."



To: JRI who wrote (42951)6/25/2002 10:40:29 AM
From: AllansAlias  Respond to of 209892
 
BTW, this has morphed now into either that running correction or a coil. If it's the latter, we'd get another swing down. If it's the former, it will continue to move up briskly.

The 10:15 low is a great stop. Under that is bullish remorse.


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