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To: The Freep who wrote (28489)1/16/2002 3:50:06 PM
From: Shack  Respond to of 209892
 
Just a reminder as to the ED I have been tracking off the 11th high. Downside target just below 1560

Alternate is the entire down from the 9th is a 5 wave impulse and we will get to the 1540's

marketswing.com



To: The Freep who wrote (28489)1/16/2002 3:56:10 PM
From: Doppler  Respond to of 209892
 
S+P isn't at a logical bounce point

Actually Carpino (who I know John M follows and whose volatility bands do a good job of forecasting possible turning points) has 1125 +/- 2pts as a possible reversal area.