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To: Shack who wrote (55378)10/4/2002 11:48:21 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
As far as Fib retraces, though. . . the S+P has come within a hair of a 100% retrace, but the dow is around 80%. The Naz has made new lows. Makes for some sloppy matching, and adds to the confusion, but I guess this would be some sort of a "b" in that wave 4?

The rate of decline has sure slowed. . . but we do keep banging along the bottom. VIX not showing a ton of fear. Overall put call over 1 again, though not so for the equity only (again). Mixed all over the place, except in the storage group where it's just a melt.

the freep



To: Shack who wrote (55378)10/4/2002 11:56:56 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
I agree Shack. It puts me on guard.

However, if we drop another percent or so, that concern will vaporize.

And BTW, a weekly close here raises some serious support issues on the long-term TA charts -- the 5-20 year ones.