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To: AllansAlias who wrote (44965)7/10/2002 1:16:17 AM
From: morokko65  Read Replies (1) | Respond to of 209892
 
Allan, do you see the SPX significantly below 450-500 prior to a real LT bottom? That's been my "Brinker MOAB" target. Although the 680-800 range will probably be an intermediate stop.

OT: does E wave work for illiquid stocks? I have a holding in ARMF for the 6% dividend. You need to pull up Yahoo charts for the real story since 1990 due to symbol changes...



To: AllansAlias who wrote (44965)7/10/2002 1:18:04 AM
From: Vitas  Read Replies (1) | Respond to of 209892
 
where the bubble part actually started, which I think is in 1998, has nothing to do with where the market may correct to

after all, in '32 it retraced 90% of the peak in 1929

although there are many parallels to 1929 - 1932 in the Nasdaq today, from a quick look the intensity of the decline then has already been broken since last September

there is a troubling pattern in the McClellan Summation pattern today that resembles the 1932 pattern

I'm going to give it one more day before I post it, and that's if I don't hit the Cape first -g-



To: AllansAlias who wrote (44965)7/10/2002 9:23:58 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
You still wiggle long? Glad I re-upped at the 1380...

You think we get gap fill this morn? I'm debating letting some go at open, and only going back (full) on a gap fill...otherwise, letting it ride..