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To: Perspective who wrote (61510)1/25/2001 11:13:59 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
I am not following the Nikkei script. It only interests me in quite wide timeframes.

There are two things today: From a pattern/S/R POV I see too many failures. They are mostly small, but significant enough to tell me we are rolling over. Second, the wave count that got us to the highs was one of two possibilities for me, either done, or just one more high. With the lows this morning I believe that the wave count favouring no new high has asserted itself with vigor. Just count off the top and you will see where I think we are.

Still am not convinced that we see new lows, but that hardly matters to me.