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To: Perspective who wrote (693)4/23/2001 10:02:14 PM
From: AllansAlias  Respond to of 209892
 
To all: It's fine, and necessary, to look for alternate scenarios, but I think it's worth reminding folks that the scenario that brought us this nice down today is still the favoured one, at least for me.

Until a compelling argument is proffered, I am sticking with the scenario that we began to follow last week. It's worked very well so far.

I agree with BC post here (the one I am responding to), including his strategy.

Cheers



To: Perspective who wrote (693)4/23/2001 11:39:51 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
BC- Re: Turn date, Heinz....last I saw....considered it a pretty big one.....it takes place Wed., May 2nd...

If so, I'd think upwave "b" (of the "B")- which you/many anticipate will start tomorrow (likely early) will carry into Wednesday at a minimum....for, even if "b" ends Wednesday, you are looking at a "c" that must carry (part of) Wednesday, Thursday, Friday, Monday, Tuesday, (and maybe Wednesday and Thursday) for the turn date to work...although probably not impossible by Elliott, I'd think that would be odd to have 2 pretty short waves, and one extremely long one (time and maybe length) at the end..

Of course, if one takes out the turn date, then you can shorten the "c" wave as well...



To: Perspective who wrote (693)4/24/2001 9:01:50 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
BC- If we head up at the open (and the early part of day)....would you be inclined to think its still part of a 4 (of the a) or the start of the b?



To: Perspective who wrote (693)4/24/2001 9:42:39 AM
From: AllansAlias  Respond to of 209892
 
We continue to track the favoured scenario. The little a-b-c at the end of yesterday was probably a 4, as you pointed out. The down is coming nicely here and we'll stick to the plan and call this the 5 of our little gray 'a'.

If this continues to track so sweetly, the bounce from this down should be good, so it'll be a good time to take short profits.


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