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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (52868)	9/10/2002 6:54:44 AM
From: Clappy	Read Replies (2) of 209892

Basic summary of the S&P 500 from Hochberg: He is looking for the $SPX to dip a little perhaps (just a few points) and then head upwards in the area of 925ish. This would mark the top of wave 2 up. Following this would be the beginning of wave three down. Might be a doosie... However a break of 882 would mean we are already in wave 3 down. Either way, I don't see this ~25 point move up as anything I'd want to be get long on. If anything it's a refueling station for shorts. (My comment. Not his.) For his comments on the Dow, Naz, Bonds, XAU, Gold, Silver, and other indices see his subscription site: www2.elliottwave.com

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