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To: AllansAlias who wrote (50096)8/14/2002 10:39:20 PM
From: NOW  Respond to of 209892
 
nice charts. thanks as always.
Lucky i overslept today. Added shorts later. May not matter if this up continues ....



To: AllansAlias who wrote (50096)8/15/2002 12:05:10 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
Wild day I missed. I see that C fixed itself for now. Nice bounce for the SPX right at its UT line out of the July 24 lows.

BTW, that index is getting very close to retracing 38.2% of the Mar 19 dump (around 929), which is also the neighbourhood of the 1997 shelf and the 1998 lows so we are on the verge of a decent melt-up or a great short-opp.

Did anyone else notice those extreme TICK readings?



To: AllansAlias who wrote (50096)8/15/2002 1:42:02 AM
From: jimcav  Read Replies (2) | Respond to of 209892
 
On your flat 4 scenario, I would almost have to think it extends to the 1065 area to get 5 waves up..although I see you have it labeled as a three wave C. I thought C waves had to be impulsive in nature, or an ending diagonal at least? Love the triangle scenario...like people aren't having fun already getting whipped around! g



To: AllansAlias who wrote (50096)8/15/2002 8:45:52 AM
From: John Madarasz  Respond to of 209892
 
nice charts, thxs