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To: marginmike who wrote (16908)10/17/2001 3:58:08 PM
From: JRI  Read Replies (2) | Respond to of 209892
 
From a wave count perspective, the 22nd is likely a top now.....

This is clearly an impulsive 1 down..don't see how today can be anything but 5 waves, and its nature was powerful....likely finishing tomorrow.....the 2 could drag out until Fri. aft....but then we should get hammered by bigger down....the 3, the meat...just in-time for that big turn

I don't see how 22nd can be a low here....bull counts are pretty messed up right now, although maybe someone can come up with one for me here...can today be counted as part of a 2 (of larger bull move?)...good luck with that...even so, the corrective 2 would likely last longer than Monday....so I don't know how you can squeeze a bullish e-wave count into that turn date