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Pastimes : Ask da_cheif

MVIS 0.850

-3.4%

Jan 23 9:30 AM EST

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To: da_cheif™ who wrote (5714)	10/4/2001 1:43:10 PM
From: klatt_attack	Read Replies (3) of 8150

need some help... need the 9/21 low in the dec spooz, and the price at the bottom of the 9/24 gap and the 9/28 gap. it appears that 1103 +/- a few points would be the target for a 78.6 retrace to fill one of those gaps. naturally the 1100 area will be a brick wall the first time we go up against it and it may be a good area for the boys to conduct a retracement. a sharp retracement off of 1100 would get everybody beared up again and would provide wave count fuel in the sense that the bears would initially label the bounce off of the retracement as a wave 2 of 5, then a c of 4, then... by then it wouldn't really matter. use this formula to reverse engineer the gaps: h = (c - .786l)/.214 where h is the projected high, c is the close or where the gap originated, and l is the low in the dec spooz. with the aydis in the sell zone and the 10 and 30 day averages running into a bit of head wind late next week, I think we should be prepared for some sort of mild retracement next week. it's the week before options expiration as well.

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