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

To: JRI who wrote (17861)	4/23/2001 11:33:37 AM
From: velociraptor_	Read Replies (2) \| Respond to of 37746

JRI...At this point I am unsure if it will be the 5 of 3 or the 5th wave down, but regardless, I am still looking for one more down wave. after which there should be a larger corrective pattern lasting a few months at least. The next wave following this would lead us down even further sometime in 2002, but we'll have to just put that on the backburner until we see things unfold. As for the Bobcor count, It is a possibility, but not favored simply due to a time factor and size of the moves. If his count is correct then waves A-B-C would probably take about 3 months to complete. That would make it by far the largest correction even beating last summer's. Also, It would allow the C wave to possibly make a move to about 11,200. While still valid, it doesn't seem realistic at the moment. I cannot discount it, but it is a possibility if we do not break some important levels on the next strong down.