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To: SliderOnTheBlack who wrote (53510)10/25/1999 1:40:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Slider--I think the DJ is tracing out a "double zigzag" bear mkt rally off the 9976 low. So far, it has done the first ABC to 10,392 then dipped to 10,177 from which to launch the second and last ABC--of which it has now done the A to 10,521 and we are now near the bottom of B today/Tuesday am (a 50% retrace of this second A would be 10,349 and 62% would be 10,308----the B on the First ABC retraced 68% of the A and if it did this on the current ABC, we would base out at 10,287)--to then be followed by a last gasp rally a bit past 10,521 to complete the Bear Mkt Rally--after which the last wave down below 9976 might then ensue.--my 2c