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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: J.K. who wrote (63099)	4/30/2005 11:29:53 PM
From: Moominoid	Respond to of 74559

The power candle You mean the big red down candle? Yes, breaching the top of that would be critical. Those scenarios would be glorious... My other set of scenarios is more bullish :) But you know what happens when the All Ords hits the top of its 5th wave and the SPX and Nas hit what is likely the top of their wave C's... ahhh, you're a retracer I see... Yes 1937. I really don't believe that history repeats itself in any exact way like that, but the general patterns do tend to repeat in mixed combinations (which is what chart patterns and e-wave say basically). And it really is remarkable, up till now how well it is retracing. David