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

To: Jeff who wrote (275)	5/14/2002 10:19:17 PM
From: ajtj99	Read Replies (2) \| Respond to of 30712

Jeff, the problem with that is that move down was part of a 5-wave move down from the top. The drop to 1387 completed the 5-wave move down. Next we have a 3-wave corrective structure, with the first leg up to the 2098 top in January. The move down since then is the 2nd wave. The move up in the summer should be the 3rd wave, with 5-subwaves most likely (I'm new at this). That's the 3-wave corrective move. The pattern shown there on your chart is what we get AFTER the summer correction is over with. That is the last part of the bear, a repeat of the drop from 4200-1387, but fibonacci style, to our ultimate bottom to kill the bear. 5-3-5 is one way bear markets are ended, I believe, according to E-wave. That's the roadmap I prefer right now.