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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (4562)10/10/1999 12:37:00 AM
From: Stcgg  Read Replies (1) | Respond to of 5676
 
Arik..

This S&P wave will prove to be a corrective wave 4 in a new bear market early in the week.. Expect a close beneath 1267.00 in a wave 5 decline for confirmation.. Dow also at TL resistance and over-bot showing pathetic underlying fundamentals, with a negative A-D ratio indicative of a corrective, rather than an impulse rise..

IMO, this market cannot support a rise to higher hi's, and the path of least resistance indicates a move lower.. Capitulation is the medicine required to cure the sick market we see here..

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