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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (37340)	10/18/1999 8:07:00 PM
From: GROUND ZERO™	Respond to of 44573

The a/d is around -13,000 and falling..... the lawyers have the manuscript and this could take years.... but it's well worth it if something happens..... GZ

To: robert b furman who wrote (37340)	10/27/1999 2:52:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 44573

Bullet Bob.... From the 10/22 high, you can make out a 3 wave move down into last night's globex low of 1276.75, followed by the rally we're in now. Note how the futures have had trouble clearing 1295, which was the bottom of the first wave off the 10/22 high. This is classic behavior for a wave 4 retracement, which is not supposed to overlap more than 15% of the size of 3 into wave 1's territory. Chances are probably 50/50 that we will begin wave 5 down of C from here, and we'll see an extended 5 that takes several days to complete, and achieves the targets described below. The other possibility is that That 3 wave down that ended last night was just the 1st wave of 5 in an ending diagonal. This would allow for an ABC move back up near the 10/22 high before we begin wave 3 of C. This would probably fool the most people, and would be the result of bullish ECI/GDP numbers tomorrow. But a Greenspan speech could turn it around and kickoff the wave 3 decline if this scenario unfolds. Needless to say, the market is a near automatic short between 1312-20. Keep in mind that from the 10/22 high, we began the C wave down of an ABC move that began from the 10/11 1350 high. So this C wave must still retrace 90% of wave B, which ran from 1243 on 10/18 up to 1318 on 10/22. So the minimum required move for the C wave is 1250.5, and the max based on other calculations I won't go into now is 1217. Conservative investors will sell and hold... Waiting for that 1250.50 minimum, and will be prepared to add shorts if the rally back to 1310+ materializes first. Regards, David