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To: jjstingray who wrote (43570)6/27/2002 11:57:05 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Nope. In general, there is no way I would get stopped out until the leg in question has retraced 80%. In this case, this would be vis a vis yesterday afternoon's low.

We'll see. It's always these inflection points that are exciting. It's either:

BEAR: a-b-c, then 1 down
BULL: 1-2-3(i)-3(ii)

They look the same, but could not be mre different. Market is about to move sharply in one direction or the other. (Yes, jello is always a possibility, but this setup at least opens the window to a sharp move.)