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In a message dated 3/17/00 6:48:41 AM Pacific Standard Time,
HBernst963@xxxxxxx writes:
<< I have to second Ben's position. The day that we had yesterday is a
rarity-Marty Zweig's up vol/down vol of 10 to 1 is seen about once every
five
years!! It does imply a takeoff rally. We shall see. Howard
>>
Question....Why would yesterday imply a take off rally ....
as opposed to being a B Wave rally,..with further downside.
Everything past two days,....short covering, % retracement,..
and complacency,..etc. in my mind fits more with a Wave B
scenario as opposed to the start of a "trending' move higher.
Now that the shorts have been cleaned out,...and sideline money
sucked in...market is free to decline or go trading range which is
my expectation. Any thoughts appreciated.
Regards, JIM Pilliod
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