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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (4997)	10/15/2000 11:38:09 AM
From: bobby beara	Respond to of 19219

Hi ya Bobby, after looking at a bundle of charts this weekend, it looks like abby joe rescued this sucker from the abyss -gg-, ibm bounced off the bottom of it's triangle, the nyse bounced off the 98 trendline, C bounced off the bottom trendline of it's big rising wedge, AXP off the 98 trendline. We have a clear 3 wave move down on spx to that support, the question is, do we make a wave 4 and blast thru that support and hit the area between the 98 top and bottom (i believe wave 4) to find support somewhere, or since the seasonality would seem to call for a much larger bottom, could we make a right shoulder on spx that would go into december/january to match the left shoulder into jan 2000, with the 3 headed hydra in march/july/sept 2000 >>>Thanks for your excellent and experienced thought process.<<< mostly due too heavy drinking and glue bong hitz - ho ho ho The XAU is starting to look exciting, i believe nem and ABX are headed toward their 98 lows, which should put in a massive bottom. b