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From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> Maybe the pattern looks too good to be true. They never make it that easy
do
> they? Other posts seem to indicate we are ready to rally>
There is no doubt that market will rally. Question is from where to to
where? If decline continue before the rally and it breaks all levels
acceptable for the correction of the grand up move from the March - April,
then we know it will be a failing rally on the way to the bottom of the
Grand trading range (at least). But what if market starts rally from the
level of Friday close? What that rally will do? Will it continue up and make
a new rally high, or it will be failing rally and market will continue down
through the grand trading range (look Dow Industrials chart).
Those are the quations I am pondering this weekend.
Pondering Alex.
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