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Haytham:
I'd also point out that the break of the 61.8 percent retrace of B to C
really was the nail in the coffin of the rally, at least in my mind. But
you're right, the unfilled gap was a change in the market's behaviour.
Tim
At 08:04 PM 5/30/2001 -0400, you wrote:
>Tim,
>
>Thank you for sharing your thoughts and thinking process for last Friday
>5/25/2001. From paragraph #9 I understand you were favoring continuation
>of the trend down because of unfilled gap down by the end of the day last
>Friday, this point, was the key point I perceived in your determination of
>favoring the trend lower, I was concentrating on the triangle formation
>and overlooked the unfilled gap down inside the triangle. I learned from
>this.(probably the presence of the the gap down inside the triangle favors
>break-down than break-up)
>
>I want to ask you why do you think water formations tend to make mirror
>images once one is complete, is there any statistic to support that?
>
>Thanks for your input.
>
>Best,
>
>Haytham
>
>P.S. I was planning to post some comments on NASDAQ tonight but your Gif
>pictures explained what I want to say.
>
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