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To: Shack who wrote (93882)4/13/2001 3:13:49 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Shack...that's the wave count the bears should fear most. The 2150 level or so (September upper downtrend line) will be critical...and its not that far off. I agree, the next dip or retest should be bought (for a trade only, not margined clown long type stuff).



To: Shack who wrote (93882)4/14/2001 7:54:19 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 436258
 
I am no e-waver so this may be all wrong but my read on the drop was an minor ABC in a Big wave one down from March to May, then another ABC in a Big wave 2 from May to September, then we just finished a ABC Wave 3 down from September to April 4 and we are now starting a wave 4 counter trend rally that will take us to around 2200 NDx before a crash wave 5 down to new lows. My bottom target is around 1060 but remote possibility of 800 area.

I stared and stared and I just dont see 5 waves down from September to April. Why can't we have all ABCs for the minor moves within the bigger move? Again, I am no E-waver but the ABCs are a lot easier to see.

Good Luck,

Lee ( L3_aka_L3)