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To: pater tenebrarum who wrote (72964)	11/1/1999 3:31:00 AM
From: Arik T.G.	Read Replies (2) of 86076

Heinz, >>the INDU looks to have made 5 waves down from the August highs on the daily chart and so far the upmove has three waves... You're right about the impulse down on the Dow. That is one reason why I havn't abandoned the bigger correction scenario yet. >>if it reverses from here, maybe the rally was a wave 2 correction and we're in for wave 3 down? Wave C down. The impulse down was A, the correction up- B (not 2), and the second leg down -C - will complete the correction. The INDU chart is the only chart where the impulse down didn't overlap on itself, on the SPX and NYA the waves down overlapped, and on the COMPX there was a completed correction of lesser degree. ATG

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