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To: The Freep who wrote (30892)2/12/2002 10:12:07 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Freep,

I am looking at this as corrective for the simple reason that I think we had a 5 wave move into yesterday's high. So, I can not reasonably make it out as a C wave in the larger context, so that tells me it is probably just the first move of something larger. A corrective move is rarely just 5 simple waves. It's never supposed to be that, but the markets don't read Elliott books.



To: The Freep who wrote (30892)2/12/2002 10:13:55 AM
From: marginmike  Read Replies (1) | Respond to of 209892
 
everyones looking down, Market rallies, Rydex are finally extreme ennough for me not to ignore. Spring rally to commence. ASAP. If we break below comp 1788 ill rethink, but only that one more low to 1760 may be in store. In either case we rally. IMHO BWTFDIK



To: The Freep who wrote (30892)2/12/2002 10:14:33 AM
From: TimeToMakeTheInvs  Respond to of 209892
 
Looks like both velo and the guy with the Elliot counts in the Public Charts list think yesterday could have been the finish of a c of 2 up. The guy at StockCharts also contributed the possibility that yesterdays up was only the first zig of a zig-zag up. Seems like the 2 would be overly long in that case however. tim