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

To: JRI who wrote (57043)	10/18/2002 2:44:01 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Wiggle wise it is unclear. However it sure does look like the action today is setting up as a diagonal which more than likely completes Monday. IF that's the case then what matters is that the move off the lows today is most definitely either a '5' or 'c', but I have a hard time seeing it as a '5'. My best guess is that all the action since the Oct 15th high is corrective. We are in some kind of exaggerated 'c' of B right now with a hard dump coming for the 'C' down. I think that 7900 holds and I have reduced my target for this leg of the current rally slightly to somewhere around 8375.