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To: skinowski who wrote (95583)5/4/2004 12:05:08 PM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
I think that 5 wave move is very telling and it should lead to another big dump. The question is when. Are we doing a brother now, or will we run up hard to complete a c of B before dumping later.

So, we are either headed down now in a big wave 3, or we just completed a three wave and are headed up. Fed will give us a big clue as the market will no doubt be volatile. This chart is scenario 1.

stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J29353550,Y]&pref=G



To: skinowski who wrote (95583)5/4/2004 12:37:51 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
<<I am still basing my IT view on the five-waver in the DOW off the Feb high.>>

Nothing new here, SNS....but just to note that possible alternative read I've been talking about.......That was not an initial five-waver off of a top.......but was a normal 5-wave C off the Jan top.......


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