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To: The Freep who wrote (59546)11/14/2002 9:54:06 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
This should answer both yours and Joseph's question. I believe we are in a 'b' up on most indices since the lows of the 11th. As such we could presumably continue up here and even make marginal new highs. But I am at this point willing to bet we are heading into our 'c' down due to a few bearish patterns I see that have yet to be negated.

As for tomorrow I am unsure but I will not remain short-term bearish should the DOW continue up past 8560 or the SOX makes much more of a move here. I would hedge long.



To: The Freep who wrote (59546)11/15/2002 4:28:36 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
BTW, the biggest piece of support for a large wave up here in equities is the action on 10-year bond. Yields really look to be putting in a second leg up here to go with the move off Oct 10. Bears Beware! IMO, this is a very strong piece of evidence that we are heading higher:

marketswing.com


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