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To: Shack who wrote (80686)9/5/2003 2:57:21 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
SEBL, ya tell me about it, should have sold'm when we failed to take out 11 today...



To: Shack who wrote (80686)9/5/2003 8:29:32 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
<<We move up form here and I count the action over the last 3 days as a complete flat correction. Alternative is we've double-topped IMO.>>

Well, there's clearly no answer to this one for the weekend. But it did lead me to an observation and a question. Observation: we've hit 1029.xx on each of the last three days on the S+P. Clearly there's some resistance or something there. Question: how would you count this move up from Aug 6th on the S+P on the dailies? Can you make a clean five waver out of it?

Somewhere I read that today's naz high made our 5 = 1.38 of the 1. We pulled back some when we hit 5 = 1, but then went higher. This time???

the freep