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To: elliottrules who wrote (6159)4/11/2008 2:53:53 PM
From: rcksinc  Respond to of 41419
 
ER
That read of the Dow, it looks like you may have it in a 5 of c down?
I have this correction ending soon. Maybe today but probably Mon and maybe even into Tues. This is the Expiration window and prices are controlled or moved to suit those in control. JMHO.
My read on the SPX is we completed a 5 wave structure up out of the March lows with the 1386.74 top and we are in a correction of that larger wave here. 1337.17 was the .382 fib and 1321.89 is the .5 fib which are horizontal lines on this chart.




To: elliottrules who wrote (6159)4/11/2008 3:12:57 PM
From: rcksinc  Respond to of 41419
 
ER
I can not respond to a PM. Look at the VIX today and given the level we are at on TRIN all afternoon and yet we have not spiked really at all on the VIX. We haven't taken out yesterdays high's. This orderly selling is rigged IMO.




To: elliottrules who wrote (6159)4/11/2008 5:33:07 PM
From: skinowski  Read Replies (1) | Respond to of 41419
 
How do you interpret the first leg of the INDU rally starting on March 10? Looks to me like a fairly clean Leading Diagonal on the hourly -- which, of course, would fit in nicely with a view that this current decline may be 2 of 3(or C).