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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (53267)9/14/2002 10:27:14 AM
From: John Madarasz  Read Replies (1) of 209892
 
duly noted...thxs. here's some text from an interesting message i recently read on another board...

I always look forward to reading your posts. You do come up with some of the most intriguing facts. I do like your 566 and I of course can't help but like the 74 squared number of calendar days from the top of Aug 25th 1987 to the current high of Aug 22nd 2002.

What I do find very interesting is the fact that we are in the time frame of a 4 year cycle low. That is the severest part of the 4 year cycle down pressure all compacted into a short period of time. If we saw the low on July 24th, the rally off of that low, even with extreme left translation, should last 10 to 12 weeks. That would suggest a test of the lows in a B or an X wave to be followed by a C wave or second ABC before turning down again on its path towards zero.

If we have not in fact seen the lows, and a test of the lows is not what we are doing, as the Elliott count does look impulsive to the down side, then looking at the VLE, SML, and MID and the fact that their all-time high was made in April-May of this year, we could be in the early stages of a 3rd wave down. or a powerfull C
wave that is part of a series of ABCs to the downside. Either way, the next month or two are going to get very interesting.
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