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To: Perspective who wrote (66760)2/19/2003 10:55:26 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Nice summary Bob.



To: Perspective who wrote (66760)2/19/2003 1:04:20 PM
From: mishedlo  Read Replies (2) | Respond to of 209892
 
From Brian in regards to BC post

He is saying this on the NDX:
tinyurl.com

I think it's entirely possible , in terms of EW, that the S&P can trace out a large Flat from the October lows - which would mean a large 5 wave rally from 806 to above 955. The S&P does look better in line for that than the NDX.

But that does not mean it's more probable. One reason I would buy spy's above 868-875 is for just such a scenario. Corrections can morph into things that are hard to plan for - and who is expecting a rally to 1000 or higher right now?

The most probable counts are bearish right now. There are a lot of other non-EW signs that we are heading lower in a major way - from cycles to MuFu outflows. I'll go with that until those counts are proven wrong - because there may be a few counts that are bullish, but there are many more that are bearish.

Thanks for posting that.

Brian