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To: exp who wrote (31274)	2/15/2002 10:24:00 AM
From: Moominoid	Read Replies (3) \| Respond to of 209892

I think we are in wave C of B which started in April 01. Expect 5 waves and believe that only 2 are complete. Looking for a decent retracement of the big crash - i.e say 38.2% of the move from Mar 00 to Apr 01 which is around 2700 on NDX. Looking other TA I come to similar conclusions about the likely rebound. Could be all wrong and maybe we got a running correction B wave... trouble is when did that end - on 6 Dec for NDX but there is a higher high in Jan on the NAS. This is an expanding flat B wave IMHO (NDX has a zig-zag possibly nested in a complex wave showing that this move down is corrective not impulsive. cres.anu.edu.au cres.anu.edu.au Thanks for congrats :) I had another one back in 1997... I just did the statistics on this one. By the way - if that is the end of the correction and looks like a standard zigzag to me, then it exactly retraced 50% on the NDX. In my count it is wave 2 of 1 of 3 of C. This is the count that is making sense to me now: cres.anu.edu.au