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To: Paul Shread who wrote (136090)8/28/2006 3:10:07 PM
From: wave3rules  Read Replies (1) | Respond to of 209892
 
">iii of (v) of C of 2<

Why not B instead of 2? Would make more sense given seasonality and sentiment, plus the first wave down on the S&P looked like a 3-waver."

That would be my alternet count, however a case can be made first move down was a 5 wave. However that could still give a ABC. In any event looking for this leg up to top and then a big move down with intial target of DOW 10,000 with potional for lower.



To: Paul Shread who wrote (136090)8/28/2006 6:32:13 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
In the early days of a bear market, the seasonality may only produce a countertrend bounce. Consider how the seasonality impacted 2000 and 2001:

stockcharts.com

While there were clear rallies during the seasonally strong year-end, it failed to even produce much net gain in 2000.

BC


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