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

To: JRI who wrote (45231)	7/11/2002 10:22:10 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

Nope. TA: Support here is not major. No different than last week. Elliott: Looks like a 4 bounce due, counting off the top from Fri/Mon high. Dow is the cleanest count I think. The 4 should be sharp, but we've no reason to believe it can do any better than a 1 or 2 day run. Sentiment: Pretty darn bearish, I'll concede this. Traders: Still worried about missing the bottom. After many more weeks than I thought it would take, I finally got my 8800 on the Dow. I am surprised to think that it still does not look done to me, even for a 1 or 2 month rally. I still am waiting for the last shoe to fall in this down leg -- software. I think MSFT and ORCL have been building for a quick rinse. There is no reason to be eager to buy here. What is the hurry anyway? Are we afraid we'll miss the bottom? LOL -- folks with that fear have been paying for too many weeks. I reserve the right to change my mind if price starts taking out some targets to the upside.