To: UnBelievable who wrote (50203 ) 12/21/2000 7:34:49 AM From: pater tenebrarum Read Replies (4) | Respond to well, there continues to be a cluster of cycle turns dead ahead. basically it all depends on whether Dec. 27-29 proves to be a low or a high. if the former, i would expect the market to rally into the full moon on Jan. 9. if instead it is a high, i would look for Jan. 9 to be a potential panic low date. essentially the sequence of events is not problematic for put holders as long as one of those dates indeed coincides with a panic low. it has been noted by a few e-wavers that in the current decline the fifth waves tend to extend, i.e. tend to be the longest waves. if this pattern continues, it too would argue for the 'expect a panic low' theory.
