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

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To: bobby beara who wrote (1014)8/28/2001 8:12:50 PM
From: gem-x  Read Replies (2) of 2290
 
The low on the fed announcment, was wave 5 (1892 to 1818) of wave 3 down (2105 to 1818), wave 4 1818 to 1934 (3 waves with an irregular top), and wave 5 of wave C is occuring now...BUT, truncations can happen on this wave, but the level of 1855-1862 is crucial, and the momentum is carrying to the 1750-1760 level.
But if the NASDAQ raiiles over 1939, than 1818 would be the low.
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