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To: Shack who wrote (18532)10/30/2001 3:58:39 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
I would really like to see more money go into the Rydex bear funds today. Then even more on the next leg down. Two bumps like that and they will be at bearish extremes.



To: Shack who wrote (18532)10/30/2001 11:55:18 PM
From: Chip McVickar  Read Replies (1) | Respond to of 209892
 
>>If our first count is right, you will see today's highs revisited likely late tomorrow or more likely early Thursday. <<

Thanks Shack...!

Don't understand your counts yet..., but at some point they'll be a chart and then I'll see what's taken place, and my mistakes.

There's a lot of wiggles.

Saw an NDX chart by Robert Hitt of Astro-econ that still has the market in a down wave either entering 1 of wave 4 going higher [bullish]..., or just completing the B in a wave 5.
His charts are not linkable, but available at Richard Hahn's site.

My own early fumblings start with Sept 21st and on the compx points to wave 1 not being completed until 10/17...1754 and retrace to 1628 as wave 2 [very close .382]....or maybe even extending to 10/26 at 1792....

As AA said, that would make the next waves exceeeedingly long for todays environment.

In breaking the lower trend line, something definately has changed.

Chip