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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (12114)3/17/2001 8:46:12 AM
From: minorejoy2000   of 37746
 
Velo,
On your website you state "The index broke the upper trading range line suggesting that wave 3 has not started yet and that we are still in a corrective move." (This is before Friday's action). And "If we break below 1170, then we have to look for support near the recent lows near 1155."
Then you state "I suspect that the 3rd full wave down from the 1380 top will end somewhere near 1170, and the 5th wave down near 970, giving us roughly 200 points down for each leg."
So I am confused. We're now at 1150. According to these numbers, is wave 3 begun or done? Or are you talking about two different wave 3's (3 of 3 of...)? Jan 31 or so was 1380. Any time targets for wave 5 @ 970?
M
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