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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (2955)7/21/1998 6:56:00 PM
From: bobby beara  Read Replies (1) of 5676
 
ATG, wave 3 tops are usually support for corrections, which would be the 9200 area for the dow.

geocities.com

If we hold support for the next two days we will make a new peak probably in the 94-9600 area and SPX 1205 area. If we take out 1167 and 9200 next stop 1130.

The final leg wave count on the Dow look pretty easy, but the spx is harder for me to define, their is a chance of a marginal new high on the spx, but it's hard to believe that would be possible with the condition of the Nasdaq.

bwdik,
bb

EDIT: I just re-looked at the spx chart, we is going to 1205, this was a wave 4 correction.

bb
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