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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: KeepItSimple who wrote (160705)	4/18/2002 9:02:14 AM
From: Temple Williams	of 436258

I don't think everyone on Wall Street is bullish. And there definitely is something wrong. If you look at my 18-min chart for April 18, you see an interesting "hint" of an extension lower for the S&P 500 Cash Index: the small (3) and (4) waves in the first week of the chart. They are sort of grayed out. I projected them as extensions lower to what was going to be the larger Wave III ... and what's going to be interesting to watch is the projection that this larger Wave III will also end up being part of a larger extension lower (greyed out) ... and that leads to the late May bottom around 1040.00 Cash SPX. When markets extend in the direction of the trend (in this case bearish), they often set up hints about the future ... sort of psychological fractals ... and EWave is nothing but a pseudo- mathematical approach to market psychology (which may be why any EWaver's diet regularly includes an occasional side dish of ground glass from busted crystal balls). Anyway, fwiw ... The chart. sellnow.net sellnow.net

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