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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (42489)	2/14/2002 9:02:16 PM
From: Moominoid	Respond to of 42523

Seems like a corrective wave down from the middle of what looked like a triangle but wasn't.... but the corrective overshot the beginning of the previous wave.... And if that was correcting the whole move from last Friday... then the up is only 3 waves really on the NAS. The first wave down in the move can't possibly be an impulse type.... then a huge 5 wave C wave stopping with perfect Elliott precision.... Very deceptive. ... and confusing. So seems we have an overshooting wave 2 - something that I see often - like at the beginning of the move down from the Jan high - I pointed that out to everyone on CFZ but they don't believe me. There was a gap up, a narrow trading zone and then crash.... And that was the beginning of a big move down. But the number of waves all adds up that the overshoot up was wave 1 of C down. cres.anu.edu.au MACD shows trend is still up from last Friday. On NYSE: siliconinvestor.com We have clear 5 waves up and then 3 down... David