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To: yard_man who wrote (34615)3/20/2002 11:57:03 AM
From: Death Sphincter  Respond to of 209892
 
hey Tippy....depends. if that ED is as on that chart, then yesterdays high was the 3 of the 5 wave up ending diagonal and we should see a strong abc up now for 5th, 20-23 points SP, 200ish for DOW.
other hand, if low last Thursday was bottom of wave 4, then the potentially developing ED just started yesterday and that was wave 1, the first ABC up, we are now completing wave 2, and a strong ABC up from here would be 3, but still only around 20-25 points up.

either way, i suppose it should take at least a couple days
lets see what happens



To: yard_man who wrote (34615)3/20/2002 12:34:08 PM
From: Death Sphincter  Read Replies (2) | Respond to of 209892
 
also, that whole ED thing may be a crock of rectal itch and its really more of a consolidation area for SP between 1140-1170ish, and all these 3 legged moves (ABC) are part of a consolidating correction


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