To: pater tenebrarum who wrote (5127 ) 6/4/2000 8:22:00 AM From: Arik T.G. Read Replies (1) | Respond to of 5676
Heinz, Euro double bottomed @ 0.90 and now USD negated Class 1 buy @ 0.94 . Very weak for the dollar, maybe foreign investors looked at the numbers differently. Donald is raising caution flags.Message 13822592 My 3800 target for the Naz has been reached, but oh so quickly. Was that it? I donno. Naz should go down this week, after the 19% record rise, but next week could go both ways. Death Sphincter has us now at the beginning of 5 of the ending diagonal fron 10/98Message 13773388 >>...they tell me that we are watching a possible ending diagonal UP from Oct 8,1998......and these diagonals function in a particular manner...a three legged movement up followed by a three legged retrace(waves 1 up and 2 down) another three legged move up(wave 3) now we are in a three down lapping into the first wave(wave4).....this leaves one more 3 legged move up to finish the sequence it has followed it exactly since I guessed it might be starting back in early 1999, why should i give up on it now? most people can't read waves, there are too many possiblilities at once..It is like looking at an Esher(thank you Shahar,brilliant analogy)..many who say they can are full of crap......say i'm full of crap, too, i don't care.we KNOW I SMELL BAD. but I'll tell you this, I read waves better then the GURUS that people pay. and my read says the HIGH PERCENTAGE bet is a run to 1600-1650, at this time NOT to EXCEED 1650. End quote. His scenario gave the best LT match so far, and some pretty amazingly accurate predictions, I'll give it the credit. Also looks like the Naz is in a bear market, but the NYSE surely isn't (new high). My guess is the bear rally in the Naz still has some time to go, and the SPX will see new high before the whole market and the economy begin their soft crash landing. Meanwhile, mfs get continuous, however varied, inflows, and looks to me that the American public is going to be the one left with the hot potato in their hands and noone to pass it to. ATG