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Strategies & Market Trends : Drillbits & Bottlerockets
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To: Rich1 who wrote (2811)2/6/2001 3:47:09 PM
From: John Pitera  Read Replies (1) of 15481
 
R1, are you doing elliot wave counts now -g-

The question I have is if we are in the second leg of a wave 2 if we dont take out 1/31 highs we might have a hard and fast wave 3 down..which might give us those stocks at those ridiculous prices..

sure there is room for lower prices as everyone continues
to get out of high valuation stocks.

If we take out the Jan 3rd low, the FED WILL cut again,
that I know but we could meander.
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