Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (72)	11/19/2002 11:49:16 AM
From: the-phoenix	Read Replies (1) \| Respond to of 941

The 15 minute Bullish Butterfly scenario is dead, here. Doubtful that we retrace as high as 910 today, unless we are reversing already. A retrace to yesterday's morning low at around 904 would be a .618 of the latest leg down since yesterday afternoon. We should get a third wave of selling at some point today, I would think. If it comes from 904 area, then the third wave would equal the first wave at the 890 area, where I see fib and fork support. Covered another third at 895 this morning. Stop still at 912 on the rest.