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To: Galirayo who wrote (9260)11/10/2008 10:05:02 PM
From: skinowski  Read Replies (1) | Respond to of 41410
 
Agree. Triangle starting at Oct 10 low is a very likely possibility - probably Wave 4 of 3. It would be a "match" for the July rally (2 of 3).

If that's the case, at this time we're on our way down in wave "d". Spike "e" up should follow - and then down in the fifth of 3.



To: Galirayo who wrote (9260)11/15/2008 1:22:10 AM
From: John Pitera  Read Replies (2) | Respond to of 41410
 
Hi G. if in fact are going to be making a countertrend corrective high in March of 2009, then we should be very or at the point of the low of 2008, in terms of US equity indicies.

Some how the market still seems to have plenty of particpants that want to buy the lows and they keep the US stock market from getting a real washout panic liquidation low..... even though we have an over all panic environment.

All those bottom fishing dollars will be gone with the wind in the next few years.

John