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To: The Freep who wrote (3027)5/21/2001 4:34:42 PM
From: Shack  Respond to of 209892
 
Do you still see this as the end of the run from March 22nd? And thus, when it turns, a pretty sizable decline

Yes Freepman, the 5 wave whatever from Mar 22 is nearing completion and should correct. To what extent it corrects and how it reacts afterwards is the mystery. In the case of the DOW, I think the 5 of 5 began late today. Which means we have a couple of hundred more points to go possibly. If you go by the Mar 23 cycle turn, it intersects the upper wedge line of this move at about DOW 11500 Afterwards, it should be good for at least an 800 point correction.