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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Death Sphincter who wrote (49069)	10/31/2000 9:04:07 AM
From: Arik T.G.	Respond to of 94695

The Dow is the easiest major index to manipulate. A run in the Dow masks the overall technical weakness, and J6P will be surprised to see his portfolio down while the Dow had such a nice rally. Therefore I believe that this rotation will not rotate to the other side as strongly as it rotated in favor of the Dow. In other news - the NYSE took out 651 and YOU DA MAN. Me? I'm scratching my head thinking it still is C of 4 and we should see the 5 before we make a medium term bottom. BWDIK? ATG

To: Death Sphincter who wrote (49069)	10/31/2000 6:13:45 PM
From: Peace	Respond to of 94695

Musical chairs have stopped and everything is going up now. Still, You Da Man. <g>

To: Death Sphincter who wrote (49069)	11/1/2000 7:17:21 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

There was a very clear 5er on the NYSE from 10/3 top to 10/18 bottom. I incorrectly thought 10/3 was NYSE top, but what a mistake. Now that move in your ED count was c of 4, and we're on 1 of 5 now (looks like completing 3 of 1 of 5), and that big ED 5 should end lower then 715 if it's to be smaller then the 3. But we could still be on a down trend where the 5er from 10/3 to 10/18 is 1 of 3 and the recent violent up move is 2 of 3 retracing up to 100%. If the NYSE overtakes the 10/3 high at 472.07 there is no bearish count and your ED count is the only valid one. OTOH if somehow the NYSE declines below 10/26 low of 626.9 then we're in a bear market already. Frankly, at 666 the NYSE looks more like your count then anything else. You devil <g> ATG