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To: Moominoid who wrote (123948)9/12/2005 10:53:20 PM
From: skinowski  Respond to of 209892
 
Is it a C of Y?

D., I could offer a few theories, one as good as the other, but from what I've seen so far in this game, with ranges like this it's best to stay away, or to wait for a breakout, or to buy support and sell resistance... g/ng.

That said, the latest (hourly $XMI) rally does look like a textbook impulse... and this makes it a meaningful building block. We'll need to see whether it turns out to be a (bearish) C -- or, the first leg of a larger structure.