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

To: Challo Jeregy who wrote (11132)	8/25/2001 6:22:18 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 209892

CJ - The counts are in sync at the spring 01 lows, each having wave 3 of A completing there, and also in sync at the May highs labeling the sharp rally as a brief wave 4, with the wave 5 of A move lower beginning there. The counts diverge beginning now as his count would have the "B" wave corrective beginning off this past week's lows, and the count I've laid out says wave 5 of A has much more to go in time & distance, with the rally off this last week's lows being the bookend to the 7/11/01-8/02/01 rally. Wave rules say it's implausible to have a complete 5 of A here as it has not completed the minimum 70% retracement to wave 3's lows, which requires 1151 being seen before wave 5 can be complete. That being said, that was one heck of a forecast 2 years in advance, although he missed the bull-move completion by 9 months.