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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (25705)7/20/2000 1:44:40 PM
From: John T.  Read Replies (1) of 42787
 
Yes, that would be diabolical. Here's why I think its possible: SPX bottomed yesterday in wave A down. This was a 5 wave impulse. Now the SPX is making corrective wave B up. This may itself be composed of an a b c zigzag up. I can clearly see "a" up and "b" down. So if we rally up from here that might be wave "c" up, which would take us to the top of corrective wave B. Then we get the "waterfall" down in corrective wave C. Of course, this is all just a guess.
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