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To: pater tenebrarum who wrote (72964)10/31/1999 4:17:00 PM
From: re3  Respond to of 86076
 
thestar.ca



To: pater tenebrarum who wrote (72964)10/31/1999 4:17:00 PM
From: IceShark  Read Replies (1) | Respond to of 86076
 
heinz, Have you seen the morning papers yet? What is the take on this:

Message 11762640

Looks like the poster is talking about Europe rather than the Fed.



To: pater tenebrarum who wrote (72964)11/1/1999 3:31:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 86076
 
Heinz,

>>the INDU looks to have made 5 waves down from the August highs on the daily chart and so far the upmove has three waves...

You're right about the impulse down on the Dow.
That is one reason why I havn't abandoned the bigger correction scenario yet.

>>if it reverses from here, maybe the rally was a wave 2 correction and we're in for wave 3 down?

Wave C down. The impulse down was A, the correction up- B (not 2), and the second leg down -C - will complete the correction.

The INDU chart is the only chart where the impulse down didn't overlap on itself, on the SPX and NYA the waves down overlapped, and on the COMPX there was a completed correction of lesser degree.

ATG