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To: High Grader who wrote (487)1/19/1999 11:55:00 AM
From: High Grader  Read Replies (1) | Respond to of 692
 
Just looking at waves:

If the low of Friday holds and we see prices move up past 42 5/16 then we have two possible wave targets to watch.

The first for an extended three count in the minuette degree has a target of 46.64. The extended three pattern is the most common.

If it pushes significantly up past 46.64 then an extended five count comes into play with a target of 75.61.

Of course this all depends on the price holding above Friday's low. It is going to be interesting to see.



To: High Grader who wrote (487)1/19/1999 7:35:00 PM
From: Moominoid  Read Replies (1) | Respond to of 692
 
We still fell despite the hammer but closed above Friday's lows, so maybe, just maybe it's bottoming.

David


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