MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7851)	5/22/2001 2:24:29 PM
From: Shack	Read Replies (1) of 19219

Agreed on the June decline. EW (your favourite!-g) has us doing another wave up after this little consolidation/down. After that, pain awaits. We should close weak today in the indices. There are two counts for the XAU, the one I favour is that we just did a '3' of the November lows and will retrace to the 57 area before our 5 up begins. The other count has all 5 waves done and the correction will be deeper and longer. Cheers, S

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