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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (8738)	8/2/2001 11:23:50 AM
From: JRI	Respond to of 209892

Here's a count for you: What if we are doing the a-b-c (finished c?) on the A of the 2....of course, that means bounce here, and probably finishing day above wedge break (after all, it was impressive this morn-g)...via the B of 2 Tomorrow, late today...we start the C of the 2 down...likely starting in 2090-2100 (but could be higher) range.....C should take us into (what many have as a key turn date- August 6/7....new moon on 4th, isn't that usually a low?) Many have this next turn date as a powerful one....wouldn't that nicely cooincide with the start of a 3 of a C? g Fibo retrace targets (rough figures: Low, 1940- High, 2100) 23.6%= 2062 38%= 2039 50%= 2020 61.8%= 2001 I'm unsure of where the downtrendline of the May, June, July highs comes out on Fri./Monday, but if that cooincides with either the 23.6% or 38% Fibo, then I would bet that where (around) C of 2 ends... So, there....my tidy Fibo, 2nd backtest of downtrendline, turndate, BIG "C" scenario (threw this together quick, all errors please correct)