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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (34595)	10/10/2000 8:24:26 AM
From: Peace	Read Replies (2) \| Respond to of 50167

Twick, May not get that capitulation you are looking for. How about thinking of the possibility that the May low on the NDX was the bottom and we are just doing a retest. I believe this and is the reason why I have said all along that May lows will hold. If you are familiar with ewaves, we did an ABC correction in to May then a new advance as Wave 1 in to Sep. This is a wave 2 correction. Wave 2s can be sharp as and sometimes retrace all of wave 1 (double bottoms). We are on the brink of Wave 3. Since wave 3 cannot be the smallest of the 5 waves and wave 1 was 1250 points, we can get to new highs before this entire advance ends. Of course there will be corrective subwaves and wave4 to deal with but the final objective will be well worth. Peace