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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (244)	5/14/2002 5:47:20 PM
From: Jeff	Read Replies (1) \| Respond to of 30712

sting.....they better keep the momo going off this ramp....that death blow leads right into early june if this rally stops here.... the way WCOM is trading....looks like they are going under...and if DELL screws up..... that could be the bad news to change the mo....

To: jjstingray who wrote (244)	5/14/2002 5:58:23 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

jj, Vess is basing that entirely on his new found interest in e-wave. He is applying a strict interpretation of the ABC flat corrective wave, in that A must equal C in both time and distance. Therefore, he's expecting an equal run to what we've had on the A-leg (1387-2098) after the B-Leg (2098-1560 or less?) so that would be 1560-2271 (711 points, same as A). I think he's wrong, and he's not even sure that the leg has started. I agree there will be a "C" leg to this flat correction off the Sept. lows, but it will be more like 300-350 points from whatever low we get, IMO. You can apply fib's to the legs (C can equal .618 or .50 of A).