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I think that by almost any EW measure, the recent upmove should be
considered to be impulsive since it hit the 262% expansion. All breadth
measures (a/d issues, a/d volume, and hi/lo) confirmed the move. Appears
reasonable to spend a week or two building a w.4 correction to be
followed by a w.5 rally which I would expect to be complete by the time
May arrives.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, March 26, 2000 6:47 AM
Subject: [RT] AN END OF HEDGING?
> Intermediate term,..downside risk appears greater than upside,...I am
open
> minded to "sideways to lower" into April 03, then another leg down
into late
> April or mid-May. Basically this upmove from early March is likely a
B Wave
> of a larger A-B-C correction.
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