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

To: jjstingray who wrote (86247)	11/21/2003 9:27:40 AM
From: JRI	Read Replies (1) \| Respond to of 209892

I sent you a PM here...and I guess we'll know shortly...but I think the alternative (if we don't go hard up here, now...which I am starting to favor)...is obviously a scenario in which we drain to support at 1842 or so...and then during seasonally favorable Dec/Jan...try to get back inside wedge (back to low, mid 1900s? on COMP)......and then get our hard 3 down.....of course, the attempt to get back in COMP wedge being a corrective 2....Last I looked at Shack SnP chart, it seemed to line-up with Raptor COMP chart (don't remember both lining up for a while) They both count beautifully now for an ending diagonal (question being: how far do they extend? Of course, they can't extend past wedge apex to remain valid)...just there seems to be room for one last attempt at upper line on both, and for wedge(s) to remain valid...which I think is your scenario here....(immediate up challenging top line of wedge)...which I think gets up to lower 10k Dow and lower 2000-2050 by early Jan? (at which time, time-wise, the wedge break (down) would HAVE to come.. We'll know shortly which is valid...but at least the count looks much clear(er) now (at least to me)...even lines up with seasonality and some of bobcor's observations..either way, very good r/r to load short coming.. Geez, I hope no one shoots me out of the water on this, for its first time in quite a while I feel good about a bear count...ng,ng