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

To: skinowski who wrote (161164)	2/1/2008 6:36:09 PM
From: Perspective	Respond to of 209892

I'm thinking it's worth a shot there. The 62% retrace makes it a decent odds play, as well as all the resistance that will come into play on the so-far leaders of this young rally: BKX RTH TRAN and HGX. If we get there, I'll take a whack at it. Should know the answer pretty quickly, too. If we're in an ongoing "3", it should blow through my stops very quickly. If it really is a completed "c", it may meander downward, but should overlap the 1385 "b" high pretty quickly. I think this is all just jello off the lows, and I think odds favor it getting more complicated than a simple a-b-c. `BC