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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (308)12/17/2001 4:38:07 PM
From: Stcgg  Read Replies (1) | Respond to of 2852
 
David/EW......

It still looks like a wave 4c is playing out or has already topped in a very weak running flat configuration, if 4c rises above 2328, it will be your standard 4c flat.. I still expect a wave 5 downleg to around 1000 on Nasdaq.. The reason I don't see this as the abc correction after 5 waves is due to the series of 3's since the April 4th low, this also precludes that the bear ended in an abc as there are no 5-wave rises..

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