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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (15154)	4/6/2001 10:18:23 AM
From: besttrader	Respond to of 37746

I know the triangles are bullish and might not break out to the upside. Could break to the downside. But the theoretical triangle is only half built. It may not even make a triangle. But if we do, then it would take at least a week to create the triangle. I'm not sure how this would affect the elliot wave that we are currently in. Japan's "air" package is released today I think, and I am wondering if they will crash Sunday, causing a very bad market for US monday. Larry has one of the crash dates as being Thursday, 4/12 I think and that sounds logical to me for a low. I think SPX 954 or 1010 or something to that affect can indeed be reached by Thursday, if the Japan news is bad enough. April 15th is tax day, and they have to end the selling a few days in front of that to get the money in time, so 4/12 seems like a great low day. The triangle theory may therefore not work out after all.