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To: onewaypockets who wrote (4263)6/5/2001 2:41:10 PM
From: AllansAlias  Respond to of 209892
 
Thanks Neil. Will check that out after-hours. Welcome.



To: onewaypockets who wrote (4263)6/5/2001 2:43:37 PM
From: mtnlady  Respond to of 209892
 
Another lurker here.. thought is that Heinz had June 4th down as a turn date. His dates have been running a day early or so if memory serves me correctly. We could be seeing the high today. (back to the weeds)



To: onewaypockets who wrote (4263)6/5/2001 3:23:01 PM
From: Shack  Respond to of 209892
 
Hi Neil. It makes sense to me. However, the retracement of the 'b' has now gone past that guy's target and is now actually past the 50% and 61.8 fibo retracement too on the COMPQ. Its been a huge 'b', but like all b's, it should be a headfake.

I still favour some down before the 'C' begins. Welcome aboard.



To: onewaypockets who wrote (4263)6/5/2001 11:45:44 PM
From: Shack  Respond to of 209892
 
You know, this scenario doesn't count too bad or violate any Elliott rules except I don't like the count on the 5th wave up to the May 22 high. It looks corrective. Also presumably wave 2 of that 5 dropped below the beginning of wave 1.

I think his targets for the a-b-c decline or too low though. It looks to me that the down from the May 22 high to May 30 has 3 waves which indicates that a flat is the structure. I doubt it goes all the way back to 1890.

I would say however that the SOX could be in a 5-3-5 zig-zag.