Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (93617)	4/12/2001 7:20:56 PM
From: Shack	Read Replies (1) of 436258

Enjoy the wings, can't get a nice wing out this way unless its made of gluten, damn tree-huggers. Just doin the wave thing, looking at the NYA. It looks like an obvious a-b-c flat pattern coming off the Mar 22 low, which at this stage appears to be correcting the decline off of Mar 9. If that's the case, then the "c" which we are in has to complete its 5th wave, which I suspect ends at about 605-610. This is the 61.8% retracement level for that decline. There's also a significant DT line around NYA 610. If we continue higher form there, Then I don't know what the hell is going on. In tech I am far less sure. It seems to be correcting the Jan 31 decline. Still feels like an "a" is completing. The 38.2% retracement level for the COMPQ of that Jan 31 decline is up at 2101. Thats why I think we could get a "b-c" still, to get us closer to a meaningful correction. If this is the correct count, then we get a strong tech market once the "b" is done, while non-tech begins to roll over almost immediately. I guess its possible, we've seen it before. Cheers, Shack

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