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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: Moominoid who started this subject	11/18/2002 1:00:14 PM
From: Henry J Costanzo	Read Replies (1) of 2852

Here's what you've been waiting for <vbg>.....the latest amateur update of the EW count.. Dow INDU: Wave 4 down of the advance from 10/10 bottomed at 8299 on 11/13. Wave 5 should now advance to 9016 if wave 5 = wave 1. That would take us into resistance from the 200-day SMA, from the DT line from the March highs, from the late June/early July congestion area, and also retracement of about .62 FIB of the March-October decline. NAS COMPX: Wave 4 down of the advance from 10/10 bottomed at 1320 on 11/11. Wave 5 should now advance to 1513 if it retraced only about 50% FIB of the Jan-October decline. To do this, Wave 5 would have to equal 1.62 x wave 1. That would take us into resistance around the early June congestion area and also from the 200-day SMA. Sorry, also an amateur with computers, so haven't the foggiest idea how to post a chart............more nice snow last night, but then, I don't have to go out into the slush today.........

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