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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: gem-x who wrote (45)	7/31/2001 2:03:28 PM
From: Henry J Costanzo	Read Replies (1) of 2290

Good to find a thread where I might be more at home. When I posted on another thread in early June that we had seen a clearly impulsive 1 up, were in a 2 correction, and had a multiple-of-700 wave 3 ahead, I was dismissed as "wildly bullish"!! Even so, I did think we were facing a H&S correction into the 1800s .. I thought we were in an abc-x-abc wave 2 correction from 2328 of May 22. But if that had been valid, seems to me that target should have been hit last week... with a generally weak market, and with tons of bad news thrown at the market. The fact that we held above the July 11 low (although not in the NDX or SOX) struck me as very significant... but I didn't know quite what to make of it. The expanded flat idea is new to me, and seems to fit with the failure to make a new low last week. I'm not the most active poster in the world, but I'll certainly be reading this thread.. and let you hear from me if I ever have anything which I think might make a contribution.. All the best.....

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