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

To: ajtj99 who wrote (86262)	11/20/2003 11:42:22 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Agreed, Les is unreal.

To: ajtj99 who wrote (86262)	11/20/2003 11:50:29 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

AJ -- one final thing (besides agreeing about Les)... Yes, I'd expect a wave 4 to break trend. But I wouldn't expect the trend break to last for 5 days total, which is what would happen if we have a strong reversal tomorrow, I suspect. Also, you'd still expect the trend break to have some juice. well, I would at least. Remember, this is an 8 month uptrend so far, based on this current uptrend line, so 5 days hardly seems fit. I've played with the idea that we're correcting since June, too, but I dunno how true it is. I really think we might just be starting a correction, but even then I am not in the camp that sees startling new lows or nothing like that. Not at all. And I do see where you're coming from on longs. As I said to Shack before you and I started this fine chat, I understand why Zeev is buying here. I would be surprised if any bounce didn't overtake this level. That said, I see near unanimity on the early low tomorrow call ... though I bet Velo would disagree. the freep