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To: Shack who wrote (74372)5/22/2003 3:14:25 PM
From: Jerry Olson  Read Replies (1) | Respond to of 209892
 
Shack..1140 is the shakeout reversal pattern on the NDX let's get it...3 box reversal back up...



To: Shack who wrote (74372)5/22/2003 3:16:16 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
(Alert for new high off May 6 flat) Where would that be coming in (at)? I guess I am confused between that and your comment (beyond 1141 is pretty much the end of the bear scenario for now)

Never did short this...holding up too well here..too late in day for me (to put on positions)

Admittedly, I am confused here between some uber-bearish stuff (AAII, etc.) and huge O/I for June....how to reconcile?

Anyway, that the move to 1490 a week ago, and to 1480 yesterday...formed some sort of A-B-C 4, and now we are launched into a 5 of sorts?



To: Shack who wrote (74372)5/22/2003 4:27:14 PM
From: the-phoenix  Respond to of 209892
 
Yes, it got close today to turning the bear on his ear once again. On SPX, we hit the .618 retrace and came within a couple points of the low of the putative "1" down from last Friday.

Something tells me they will be able to squeeze out a few more points higher tomorrow on a low volume Friday, but I hope they don't.