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To: JRI who wrote (9980)8/14/2001 8:45:13 AM
From: AllansAlias  Respond to of 209892
 
I intentionally did not post a wiggle chart, just so I/we can avoid getting into protracted discussions about the next 15 point move. -g/-ng The blue line you refer to is symbolic. It is meant to show "some up" before the swoosh down. It is not intended to show a target in price or time.

It is true that we can not go up very far this week without invalidating my favoured count, the one labelled SPX S-T Bear Scenario Favoured. The line in the sand for me is somewhere about 20% under the point labelled "2 / B" in dark blue.



To: JRI who wrote (9980)8/14/2001 9:01:50 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Non-tech is looking smarter than tech, and the following shows the s-t worry for any bear in here. The blue falling line here is everything for the s-t:

geocities.com

Note also that price was repelled yesterday near the weak DT line.

An XMI breakout will have me switching to the alternate SPX chart labelled "SPX S-T Bull Scenario".