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Non-Tech : Raptor's Den

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To: velociraptor_ who wrote (8236)2/25/2003 6:12:29 PM
From: mishedlo   of 10157
 
From Brian
I have two running counts right now, one is bearish and one is bullish (for the next few days anyway). The grey and black count on the right says that the decline from Friday traced about 5 waves, and the move today was a correction of that move - ending exactly at the 61.8 retracement.

tinyurl.com

The green count has the low today as the end of an X wave, from which the SPX will do another A-B-C rally from here of roughly the same scale as the move off 806 - ending around 862.

I haven't yet checked the DOW or the Nasdaq yet today, so I haven't seen what count the other indexes confirm (if any). I'll write more a little later.
Brian
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From Mish
note that every rally attempt has stopped at or near RSI 70
M
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