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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (9528)	6/1/2008 6:58:53 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

This is a follow on chart to the Dow chart shown in #msg-24638249. It shows wave 3 as was labeled, with the corrective A, B and C waves as labeled (C in progress). Again, per Neowave the C wave is not an ending wave here, but likely the deepest. We do not generally prefer log price scales, but in this instance thought it reasonable to use. One may note the upper trendline as shown appears to be in the early stages of failure. img217.imageshack.us I am looking forward to see what this month of June and early July brings us. I think it will shed a lot of light as to whether the long term bulls or bears have it right here. Long term being the next 4 to 6 years. TF