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To: Shack who wrote (57226)10/21/2002 2:51:01 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
thx... Should be looking for some puts this week then...



To: Shack who wrote (57226)10/21/2002 3:00:05 PM
From: Killswitch  Read Replies (1) | Respond to of 209892
 
It appears more likely to me that (in non-E-Wave terminology) SPX (or DJIA if you prefer) had a sharp move up into Oct 15, and since then it has been forming a pretty real looking bear flag. Chart:

personalpages.bellsouth.net

(just ignore all the lines except for what is going on in the upper right)

If that plays out then we either do the expected break down from it at roughly 880 and then take a shot at the expected target move of 110 pts down, or we get a hound signal by breaking out the top of it.



To: Shack who wrote (57226)10/21/2002 3:39:37 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
What do you see as the high on this "ED" time/price?



To: Shack who wrote (57226)10/21/2002 6:31:18 PM
From: Bull RidaH  Read Replies (2) | Respond to of 209892
 
Yes, the rally off the 10/10 low looks like a brother to the July-Aug rally, but is it big brother -g-?

carolantic.homestead.com

My count from the '00 peak:

carolantic.homestead.com

I believe the rally we're in parallels the rally off the 6/32 low, as seen here:

cache.wsrn.com

Considering the Dow doubled off that low in 1.5 months, we could be in for more mega rallying, in the Naz 100 especially. It has rallied from 795.25 to 982.43, or 23.5% in just 9 trading days from the 10/08 low. Projections from it's low now target 1321, and if it completes that move in the next month or so, it will be a nearly equivalent move to the '32 Dow rally.

Based on key cycles I follow, taking out this past Friday's high today leaves me no choice but to believe it will happen. This coming Thursday's low will need to hold going forward to keep the rally alive. Short this thing between now and December for more than a day trade doesn't entice me whatsoever.