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To: AllansAlias who wrote (3611)5/25/2001 3:49:22 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
No concerns here that it fought its way back up at end?



To: AllansAlias who wrote (3611)5/25/2001 3:49:29 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
You see the down off of 2:10 PM or so as the '1' of our next wave down followed by the '2' bounce right now and a 3 gap down on Tuesday?



To: AllansAlias who wrote (3611)5/25/2001 3:57:41 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Seen the COT?

Decreased short position by 1,1K in the SPX
Decreased short position by 2.8K in NDX

You wouldn't beleive the gold position if I told you.-ng



To: AllansAlias who wrote (3611)5/25/2001 4:22:24 PM
From: john722  Read Replies (1) | Respond to of 209892
 
Allan. Last Memorial Day Tuesday After We

had a huge gap up and if you look at April 17th on the Naz,
we just finished the identical wave 4 pattern. There too
was a nice gap up. Seems too easy, so I went 50% long today.
We are due for a decline next week (being the 8th week from the 4/4 low (also identical pattern from Wave 1 to 2 on the weekly (May 24th 00 low to July 17th 00 top).

Combined with the low vix reading, I'd say the decline is sooner rather than later (you may be right though, it might have begun already). I can just see some positive talk over the holiday to lure in some buyers early Tuesday (Israel could blow up (no pun intended) this scenario). Have a Happy Holiday Weekend.........