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To: Shack who wrote (56898)10/17/2002 12:55:56 PM
From: SouthFloridaGuy  Respond to of 209892
 
Yes, if 890 is taken out, then that's it, we retrace back to 950+.

I think today and tomorrow are absolutely key. If we take out yesterday's lows (sub 8000) on the Dow, then I will be 90% sure that the (ii) was completed.

Put on your crash helmets for (iii). (i) of 3 was a 200 pt move. I suspect (iii) of 3 could be 250+ pts. That takes us to 640ish on the S&P500. There's some pretty good support there for a (iv). But that's getting ahead of ourselves. :-)


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