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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (3930)	1/26/1999 9:46:00 AM
From: bobby beara	Read Replies (1) of 5676

iqc.com I believe wave 4 from the 10/8 low may have ended on the big drop on the Brazil news. I had debated at the time whether the abc correction had led into the next day of trade and the following five wave sequence was the fifth. The major reversal that day gave me the idea that was the case, however since the nasdaq has held the uptrendline and now is back in rally mode, it looks like the downdraft off the 20th is wave four. The internets have always top early in the cycle and re-top when the balance of the market peaks. This time they may make a much lower high. Dell has a triangle that points to the 100 area and should be OK as an earnings play, gtw had a great earnings report. bb

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