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To: The Freep who wrote (69278)3/21/2003 1:26:48 PM
From: ajtj99  Read Replies (3) | Respond to of 209892
 
I think Velo's read is this is the end of a 5-3-5 B-wave correction off the January lows.



To: The Freep who wrote (69278)3/21/2003 1:57:36 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
Quite frankly I am not sure what happens either. But I now have my first "Shackattack 'IT' Top Sell Signal".-g/ng They're very rare and its the first one I have got during the ramp.

It is my hourly TICK 10 period MA for the NYSE. It is not a precise timing indicator but what it has infallibly predicted before is that the top is relatively close in price and time (give or take a few 100 DOW points), but the top will be terminal (this is really the key). I have yet to see this one fail.

Anyway I will wait to see some weakness and I will chose my targets carefully.