All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: CYC who wrote (26369)	4/14/2000 10:30:00 PM
From: pater tenebrarum	Read Replies (4) of 42523

CYC, it depends actually on what type of wave the Dow/SPX are in. if it's a big wave 3, rebounds won't last for longer than 1 or 2 days. if it's only a C wave, everything could rebound, with the Dow making an attempt at new highs while the NAZ traces out a wave 4 rebound, that will likely look rather choppy. one reason why i think the Dow may really be engaged in a big 3 down, is the VGY. it arrived at the lower boundary of a big wave 2 consolidation today, and the emotion of that move suggests big three down has begun and will soon slice through that support. judging from the respective wave 1 sizes, i'd say we'd be in for a real doozy in that case. i'm beginning to think that perhaps Monday will see a rebound that could be labeled 4 of 3 of 1 for the NAZ and 2 of 1 of 3 for the Dow. however, that's just my attempt to make sense of the sudden synchronization of the markets. it is conceivable that the trade data on Tuesday could become the trigger for the decline to resume...if that happens, the labeling will be pretty clear. put/call ratios were high today for the second day in a row...that suggests a low is near in time...though not necessarily in price. regards, hb

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