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To: Challo Jeregy who wrote (3853)5/30/2001 11:06:21 PM
From: stomper  Read Replies (1) | Respond to of 209892
 
I think he's referring to your S&P at 2250 comment. I tell you one thing, if S&P goes to 2250 on a countertrend rally, I'll buy everyone a case of their favorite whatever!! -g-

-dave



To: Challo Jeregy who wrote (3853)5/30/2001 11:09:11 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
To all

As I have done regularly, I would like to remind everyone that when folks/I show the future on a chart by drawing arrows to show future direction, they are not meant to show an exact target either in price or time. Unless I state otherwise, you can not look at the lines/arrows going into the future and learn anything other than the general direction I see things headed down the road. (When I don't screw up or get fooled as happens often enough. -g)

Challo, please help me here as I have tried to explain this a few times. Am I being clear or is there a better way to explain this? Tx.

-----------

Anyway, once we are finished with this downleg, yes, I do see a weaker (than the Apr rally) rally that would take us to new marginal highs. There is an alternate count that says we are headed to the lows right now, but we are still above levels where this will become my favoured count.