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Non-Tech : Raptor's Den

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To: jjstingray who wrote (2356)	7/31/2002 4:08:21 PM
From: velociraptor_	Read Replies (1) of 10157

End of month ramo-o-rama strikes again. The late day rally looks like a C wave and tomorrow should be down. The low around 2:00pm this afternoon was a higher low for the DOW and S&P but a lower low for the Nasdaq and MSFT. That implies it was a b wave as a wave 2 pullback should not have dropped below the 10:45 am low in anything. That makes the rally at the end of the day a C wave with 5 of 3 of C complete. Should get a small pullback for 4 of C and then a small pop for 5 of C, probably in the first hour tomorrow. Then the drop.

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