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To: JRI who wrote (56152)10/10/2002 11:13:40 PM
From: At_The_Ask  Respond to of 209892
 
We don't have to go straight up tomorrow. IMO what we saw today was 1-2 and maybe the beginning of 1 of three. If that is the case then we will go straight up, as always I could be and probably am wrong.

If my wedge theory is correct that would imply a "sharp" correction, which in this case is upward. The putative B consumed 270 or so NDX points, from the low today to the high we consumed only 50 points. Ultimately I think we get to 900-950 NDX. Or we could melt.

at_the_ask.tripod.com



To: JRI who wrote (56152)10/11/2002 10:19:09 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
I liked the idea of straight up because it would disrupt the channel too much to have a long drawn out 'c'.

At this point either count can still work here (5 is a diagonal or we are still in the 4)


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