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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 (26210)	1/25/2003 2:46:01 PM
From: sun-tzu	Read Replies (1) \| Respond to of 30712

if the market's current correlation with 1969-1970 holds true to form, then you are right; however, the up move will be attenuated to an extent. i'll be ready to go long after the state of the union. mrci.com

To: Jeff who wrote (26210)	1/25/2003 2:47:18 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Jeff, one thing to remember is the Tommy Bear count has a plus/minus 1-month wiggle room. The down from Nov-Jan could now be Dec-Jan-Feb. Furthermore, the flat counts do not rule out new lower lows, as the Tommy Bear flat from June-Nov. showed. E-wave A-B-C corrections allow the B-wave to drop to a new low. That's what I believe happened in October. I believe we may have had an A-B-C correction (August "A", October "B", Dec-Jan a-b-c of C) off the July low, and we are now in a new 5-wave drop. If that is the case, the best bet for a rally would be the wave 2 (I believe that will be CSCO's ramp) and wave 4 (March options ex?). We'll see. It's interesting to look at all the possibilities either way.