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To: rcksinc who wrote (143785)4/20/2007 12:57:05 PM
From: tjkong  Read Replies (2) | Respond to of 209892
 
Looks like a blow-off top to me too & I shorted it. Whenever we get a gap-and-crap in an area when I'm looking for a top, I'll short it.



To: rcksinc who wrote (143785)4/20/2007 1:17:44 PM
From: Henry J Costanzo  Respond to of 209892
 
Really don't know, steve...Gone higher than I expected....and don't really see any clearcut EW counts here..

IF as I posted earlier, we're seeing a 5 up in the wiggles since yesterday,, we could be completing 1-2-3-4 of that move, and would have another up spike ahead...the final 5 of the 5...

BIG IF...lol

One possibility maybe...but maybe far-fetched...a rising wedge forming since late March...an ED.....terminating 5 of C of B this morning...and down from here..????

Freep's had the best handle on this thing past few days, and would be very interested in hearing what he might have to say here..