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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote ()	5/31/1998 10:08:00 AM
From: bobby beara	Read Replies (4) of 5676

ARIK, New party pooping wave count -g- Wave 3 of 5 ended on April 23rd. Wave 4 of 5 ended on April 27th. Wave 5 of 5 became and indecision triangle with 3 impulse waves Wave 1.......5/4.....9261 Wave 3....5/13....9225 Wave 5....5/19....9202 Indecision triangles in a bull market almost always resolve themselves in the direction of the trend and that's no bull. This is a definate sign of a trend reversal. So much for the V peak I was looking for. The bull ends with a wimper and not a bang. The deception has to become better at each peak to keep the bulls and bears guessing at an indecision pattern. This fits very well with the time study I did that compared the Aug 6th thru Jan 12th time period which was 140% longer than the same 29' time period and projected the top at around 5/28. Given that we had one last gasp to 9168 on 5/26, I's say that was pretty close. I think wave 3 down started Friday afternoon and my target for wave 3 is 8381, probably by next week some time. Comments?

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