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

To: skinowski who wrote (68094)	3/7/2003 5:47:10 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

I have two scenarios now: rpi.edu rpi.edu The first is the one I've been following all along with wave B being an ABC correction following the A up from the October lows. The second is based on the idea ATA mentioned that we are in a triangle. They are impossible to tell apart at the moment... the main difference will be that the alternative has the final bottom sooner. It is also possible that wave D of the triangle is not yet complete. There is room on many indicators for a move up. Others seem to be pointing definitely down and different stocks seem to be going different ways. Overall these are waves A and B of the opening wave A of the multiyear wave B correction of the big NAS crash IMHO. As I see the A move up from October as a triple and therefore this whole thing as a flat I would favor a deeper correction here and hence my preferred count. David