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Strategies & Market Trends : Robert Miner www.dynamictraders.com
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To: Craig who wrote (34)2/2/1999 5:52:00 PM
From: Lenny Rosow  Read Replies (1) of 58
 
Craig - Thanks for the chart, we appreciate your time and effort. Here are the 2 scenarios as I see it. First the one you posted in which today we are possibly starting minor wave 4 of 5 with the top coming early next week. If the S&P wave 5 gets above 1348 than the wave count will have to be changed since wave 3 can not be the shortest of the 3 impulse waves. The second scenario is an extension from post #26 on this thread regarding Minor's longterm S&P special report from early January. The 01/08/99 high of 1290.50 and close of 1287.00 are still holding up as the possible wave 5 top. If this is the case then 01/15/99 @ 1204.50 is minor wave 1 of A/1 and 01/29/99 @ 1287.70 is minor wave 2 of A/1. Today we may now be starting minor wave 3 of A/1. A good sign for this scenario would be to hit 1204.49, 1 tick below the 01/15/99 low. Craig could you post a chart with this scenario along with a possible time and price target for minor wave 3 of A/1. Again, thanks for your time and effort - Lenny
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