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To: JRI who wrote (65348)2/5/2003 9:48:12 AM
From: stomper  Read Replies (2) | Respond to of 209892
 
Vesselin suggested the same thing on Stool yesterday, and was zealously booed, with little but bearish cliche to dispute it.

-dave



To: JRI who wrote (65348)2/5/2003 9:51:33 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
I don't think that's radical. In fact, isn't that what AA was kinda saying this weekend? We got a minor new low out of the jello (though not in non-tech), too. (EDIT: And someone linked a chart from stockcharts (kelleher??) that's been tracking that same idea for some time)

Personally, the market will have to prove that to me... but I figure any move over 1000 ndx or that 1335ish area on Naz and early warning at 8150 Dow will be proof enough. I will add that EVERYONE expects a war rally so either you're right and it comes early or it doesn't come at all or it doesn't last but a day or two.

II supposedly shows a small drop in bulls and rise in bears. Still high, but moving.

the freep



To: JRI who wrote (65348)2/5/2003 10:46:12 AM
From: bcrafty  Respond to of 209892
 
JRI, not too far fetched

Here's another view from Keller, (and at my last look was velo's, although he hasn't posted an IT wave count on his Dow daily charts for a while). Both his preferred and his alternate portend rallies.

A was from the July low to the August high, B from the August high to the October low, C from the October low to the December high, and D from the December high to the present, or possibly the beginning of the E up is from last Thursday's low. In that latter case he says: "A 3 wave rally says wave E of the triangle, most likely lasting a month or less in time after which we take out 7200 to the downside."

More like your scenario is his alternate which is an A off the October low to the December high followed by a B from the December high to last Thursday's low with a C beginning now: "An impulsive looking 5 wave rally says wave C up and A = C = 1800 pts says 9800."