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To: AllansAlias who wrote (18398)10/29/2001 3:57:57 PM
From: yard_man  Respond to of 209892
 
Well ... I like it <g>



To: AllansAlias who wrote (18398)10/29/2001 3:58:46 PM
From: Shack  Read Replies (3) | Respond to of 209892
 
Sheesh, the DOW is down 252 points! You are jaded.-g

Actually if this is your 'c' down, I don't think we will get much below 9000, 8800 on the outside.

BTW, I am getting similar feelings (and I bet you are too)towards the move in non-tech as we got in April. Something feels real bullish here, watching sentiment like a hawk during this pullback.

Edit-272 points now.



To: AllansAlias who wrote (18398)10/29/2001 11:39:33 PM
From: Chip McVickar  Read Replies (1) | Respond to of 209892
 
AA,

If I may ask a beginners question.

Idealized Elliot waves call for the impulse waves to have 1-2-3-4-5 minor waves before completing an Intermediate wave.

On Sept 21 the market moved higher for 3 days and then closed the gap on the 27th. There aren't 1-2-3-4-5 minor wiggles in that move to call it a completed wave 1...?

So in counting how does one make that leap into the real price bar world...? By idealized counts this move off Sept 21st could still be wave 1.

stockcharts.com[w,a]ejoannmy[pf]

Chip