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To: Bull RidaH who wrote (8171)7/26/2001 9:45:26 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Bull RidaH -- if I'm reading you correctly, you see the Naz rallying for a few more days, but the S+P petering out not terribly far from here (if it's not already done with its 5 waves up)? Then you have the S+P going into wave 3, which should be strong down. Yet you seem to have this happening while the naz is still rallying. It's always possible, I realize, but it's been a long time since we've seen that strong a divergence in the broader markets -- impulsive down in one with impulsive up in another.

Does this give you pause or concern? Or am I misreading you?

Thanks for the posts. . .

the freep



To: Bull RidaH who wrote (8171)7/31/2001 1:05:41 PM
From: Bull RidaH  Read Replies (1) | Respond to of 209892
 
<<with a fizzle at the 77% retracement area (1222spx) more likely. THEN we begin wave 3.>>

Message 16133962

Bingo!!

I have the 5 wave move now complete off last Tuesday's low.