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To: AllansAlias who wrote (69020)3/19/2003 4:22:41 PM
From: bcrafty  Respond to of 209892
 
Thanks Allan, I also thought the discussion was getting wiggly,
but I wasn't around for much of today and I thought maybe I had missed something in the current discussion.

Maybe if you have time tonight could you post a chart with a putative projection for the "iv" and "v" of C (level wise and/or time wise)?

BTW, you're not selling your longs only to rebuy them at the bottom of the "iv" are you?



To: AllansAlias who wrote (69020)3/19/2003 4:25:16 PM
From: NOW  Read Replies (1) | Respond to of 209892
 
Who says there is no PPT?
"US and Japan to protect markets:
Just days ahead of a war, the US and Japan are prepared to co-operate to support the financial markets if there is a crisis
news.bbc.co.uk

Looks to me like this news is a week late! NG



To: AllansAlias who wrote (69020)3/19/2003 4:47:18 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
I had the same question. Wave A was 36 days; we are now done with 24 days in NDX and 27 days in SOX, so the time is becoming comparable there. If C=0.618*A, we just need to retest the December highs on those two.

However, non-tech made that minor new low last week before launching. Do you think that we may have a big "C" on deck in tech, accompanied by something completely different in non-tech?

You recall that we had conflicting tech/non-tech counts into the October lows - looking like tech had completed something big and was therefore correcting a larger part of the bear. That would argue for a longer corrective mode in tech.

Non-tech actually looked like it might be in a lower degree correction, which would allow for it to be done, pointed down, and this might just be a correction of the down off the December highs. We are now at the 62% retrace of that move in SPX.

What do you think? Two totally different counts at work here tech vs. non-tech?

If these two counts are in play, we would be very near the top.

BC