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To: The Freep who wrote (85537)	11/9/2003 10:11:53 PM
From: jjstingray	Respond to of 209892

delted

To: The Freep who wrote (85537)	11/9/2003 10:11:53 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

What do you think about this? stockcharts.com[w,a]dhclyyay[dd][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!lah12,26,9!ll14][J14063233,Y]&pref=G

To: The Freep who wrote (85537)	11/9/2003 10:32:20 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Takin' objection to the Cup n' Handle scenario... C+H can only be possible as a consolidation during an uptrend, not as a combo of a decline and a rally in a downtrend. If I recall correctly, in fact, O'Neill even advises not to trust "cups" which are too deep... more then some 20%, if I'm not mistaken. EW of BTK are pretty confusing, because the decline off June 6 high was in 5 waves (on the daily). The rally to the 9/19 top also looks impulsive. So, what gives? My bias here would be that the rally towards 9/19 top was a "failed" (probably) fifth. Indeed, if you check the BBH, the September rally actually DID reach new highs. So, my read is bearish, but I would not be in a hurry to short it until there is more evidence.

To: The Freep who wrote (85537)	11/9/2003 10:33:06 PM
From: ajtj99	Respond to of 209892

I was just assuming that's where a breach of the falling resistance line off the 514 high would take place (475-480). That would not be where the move would start but where confirmation would ideally happen. There is one thing I'm not sure of and that's two long triangles, one each for 2 and 4 on that count off the BTK 275 low. I recall from reading this thread that normally if one corrective is a triangle, the other is normally sharp. The 2 and 4 on that count are both relatively long triangles. The BTK also looks like a cup and handle when you get down to it, so it might be moving lock step with the BBH as well.