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

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To: horsegirl48 who wrote (26151)	7/28/2000 11:32:22 AM
From: John T.	Read Replies (1) of 42787

Fibonacci Turn Date & New Moon: Don, here is a quote from Elliott Wave International's Wednesday short term update: Our next Fibonacci turn date remains this Sunday, July 30. This date is 55 days from the June 5 high and 144 days from the March 8 low. As before, we allow one day leeway on either side of the turn. Since July 30 falls on a Sunday, expect a turn either Friday, July 28 or Monday, July 31. Whichever direction the Dow is heading into this window, expect a trend reversal coming out of it. Based on today's market action my guess is that this turn date will coincide with the completion of five waves down from the 10875 high (Jul 20), and spawn a reversal higher. But I'm keeping an open mind and will watch market action early next week to decide. Also, I believe a New Moon is on July 31. As you recall, the market turned around July 16 when we had a Full Moon. Just something to think about...

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