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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/22/2001 8:06:32 PM
From: besttrader	of 37746

NAZ 2627? Silent Bear says so, then new lows --> Lots of nasdaq charts show they have completed the end of wave 3 (up), some show end of wave 5 (up) yesterday and today. Today's action really cemented this fact for me. The naz index shows a completed wave 3 and I think will now start a short choppy wave 4 (down) for the rest of the week and maybe some or most of next. Wave 5 (up) then will be weaker than the strong rallys we have had in the last month because wave 5's do not have as much conviction as powerful wave 3's, but will bring us back up. Some of the EW people (Woodson Wave for one who has been just about deadly accurate) says Naz comp 2627 is the target for wave 5. 2627 = Fib 38% target.. Makes sense. We should then start a change of trend and five waves down to new lows and a major long buying opportunity in the fall. St Louis Bear should be a happy camper. I switched out of UOPIX into USPIX today and sold my cmgi, brcd, and brcm longs in my 401k for good $$$ to some suckers.

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