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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: anon who wrote (4391)8/16/2001 9:08:53 PM
From: Death Sphincter  Respond to of 8150
 
yes. 1151 has been the MINIMUM that I have been playing for.
based on the assumption that the low of the year was the end of the first leg down of a prolonged corrective series and an ABC upward retrace (bear rally) is occurring....."A"
up to May highs, this is "B" down, then a fake out "C" up to follow. Other than Ewave and other TA....I have been guessing that the HOPE for an economic recovery in the 3rd-4th Quarter would not materialize until sometime in 2002.

I CAN see the validity in those that propose new lows may be on the horizon, but for now I have taken profit on some of my short positions to lock in....and continue to play down to 1151. if it is broken I will reevaluate.

the equivilant on QQQ with this wave count is a gap left around 37.40.

guess we'll see what happens

Stainzio