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To: The Freep who wrote (15532)10/4/2001 2:03:52 AM
From: Shack  Respond to of 209892
 
Dammit, Shack. . .you're supposed to answer those questions, not pose 'em!

Dammit Freep, I'm just a tomato salesman!

I do think we are in that '4'. Look at a DOW daily chart and you'll see that this correction looks of the same degree as the summer triangle. That means a 'B' down which generally should retrace at least 38.2% of the 'A' (8715 or so). This could take a couple of weeks and bore the hell out of all of us. The ensuing 'C' may take us a long way up, but not past 10100 or so. i expect that we get to the 61.8% fib retracement of the decline off Aug 26 which would be 9530 or so. That will provide us with a glorious shorting opp.

This all presumes that the 'A' is done of course.