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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (14174)	4/1/2001 1:15:27 PM
From: Jimbobwae	of 37746

GWSharck, An opinion by one of my trusted compadres: The NDX needs one more wave down to complete the correction (Target 1778) and then we will do some sort of an ABC pattern back up in a B-wave. I can't see it going much past 2800. Healthcare, retail and oil/utility are making wave 2 up and when finished will crash down like a ton of bricks. The Biotech will make a rally with the NDX and then these are excellent stocks to short. Remember that the DJIA is making a 4th wave up which should not last long and then will have to test the 9047 level again in a 5th wave. The SP 500 is not so lucky as it is making a 4th wave up but only in the 3rd wave and then it has to drop in a fairly dramatic 5th wave decline with support at ~1000. After NDX finishes it last leg down, I am long Tech and Biotech and short everything else. BWDAnyoneK? Hope everyone here has a great week, J

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