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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (25726)	7/20/2000 2:43:29 PM
From: John T.	Read Replies (2) \| Respond to of 42787

Robert, yesterday's close was essentially the end of wave A down. The theory is that we are in a correction mode that will correct in three large waves -- A down, B up, and C down. OK, so yesterday's close was essentially the bottom of wave A down. Today we started wave B up. Wave B up should be composed of three sub-waves -- waves a up, b down, and c up. At this time I think we are in wave c up. Wave c up(which is a sub-wave of wave B) will terminate at the end of wave B up. Thereafter, we should move down in big wave C. Wave C down should take out the lows of Wave A down (yesterday's lows). This could form a possible double bottom. Wave C down may unfold over several days. Basically, I think the present ABC correction is a zigzag. That means 5 waves down in wave A, 3 waves up in wave B, and 5 waves down in wave C. Again, this is all theory or guess work.