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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (9038)8/7/2001 3:10:16 AM
From: Bull RidaH  Read Replies (2) of 209892
 
JRI... Here's a close-up view of the s-t Naz count off the April lows.

carolantic.homestead.com

This count still has us in wave 3 of 5, which allows the Naz to stay better synchronized with the SPX through the coming decline.

Here's the same close-up for the SPX:

carolantic.homestead.com

The chart has us in wave 3 of 5 since Thursday's (8/2)a.m. high. It looks to be getting wound up for some serious impulse action(down)in the coming days, which leads me to conclude CSCO's news will be sold big, and other unpleasant surprises are likely to surface in the next 3 day period. Lucretius will soon be able to afford a wife. -g-
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