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To: rayrohn who wrote (19521)	12/17/2014 9:01:30 PM
From: rayrohn	Respond to of 41640

15 minute IBB cchart also has a nice AB+CD sell signal

To: rayrohn who wrote (19521)	12/17/2014 11:28:22 PM
From: kckip	Read Replies (1) \| Respond to of 41640

That's what I was looking at - somewhere in the 72-76 range -g-

To: rayrohn who wrote (19521)	12/18/2014 10:02:07 AM
From: robert b furman	Read Replies (1) \| Respond to of 41640

Hi Ray, I've been expecting more down also. Looking at Russell it must be noted that the recent decline bounced right off its 38.2 retrace from the leg up that started on Oct 13th. screencast.com Monday's bounce was solid and yesterday's move looks to be impulsive like. Futures are up solidly this AM and so too is the recently very correlated price of crude. One can see a very clear ABC on a 38.2 retrace corrective wave. It could well be up an out - with the beginning of a new impulsive wave going into next year and quite a lot further. Yesterday's breadth was most impressive over 90% advancers. Could be this crude collapse was nothing more than an opportunity to accumulate stock going into what most know is a huge tax break (cheap energy). Not just a puny $500 tax cut to the poor but a much bigger cut given to all business and the wealthy - those who really use more energy. Add to that it extends across the globe and not just the US. This is a powerful set up - that must be considered - IMO. Bob Finally got my internet back so I'm sending a delayed post