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Strategies & Market Trends : Classic TA Workplace

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To: Bull RidaH who wrote (8036)	7/26/2001 8:52:00 AM
From: SE	Read Replies (1) of 209892

Ok, now that I have that mapped out, what is the normal relationship of a wave 1 to a wave 3? Wave 1 = 60 points. Wave 2 = 25 points currently, could be 30ish? Wave 3 = XXX points? EDIT - If I follow this correctly, wave 3 needs to hit a minimum of 1151 SPX. Then the wave four bounce, and wave five lower which does not have to be lower than 1151. Am I right on that? And that completion would be only Wave 1 (a 5 wave subset) off of the larger scale wave 4...with a wave 2 up on deck. Then Wave 3 lower, likely this fall, and so on. So realistically, this market won't be ready for a bull run till early next year, and that move would be wave 5 of some grand scale and carry us to at least 70% of the move from the all time highs to whatever low we end up setting here in this fifth wave lower. Am I on target? Thanks.

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