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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (35763)12/29/1998 12:33:00 PM
From: Death Sphincter  Read Replies (3) | Respond to of 94695
 
Arik....for what it is worth Prechter uses a rule that states that
Wave 2's must retrace a minimum 20% of Wave 1

<<<<2 - 10/22 to 10/28 SPX 1080 to 1059.6 = 20 points>>>

if you want to believe Prechter, then it shoots holes in this wave 2

carl