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Strategies & Market Trends : Sharck Soup
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To: JRI who wrote (15616)4/10/2001 3:35:08 PM
From: marc chatman  Read Replies (2) of 37746
 
JRI, the more I stare at the dow chart, the more I feel we have just finished wave 3 of C. We need wave 4 down (currently in progress) and 5 back up. I think we end this rally late tomorrow (possibly early Thursday).

I think Raptor's targets look pretty good right now. I'll wait to see where wave 4 ends before guessing where wave 5 will go. Wave 1 was about 240 points on the dow, so, if we retrace to 10k, a symmetrical pattern would suggest 10250.
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