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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (3934)	2/5/1999 7:48:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 5676

ATG, Dell looks good for a short, but I would rather stay away from it since it hasn't reported earnings.. Check out LU with a giant triangle around the July peak as focal point. It broke and points to the 12/1 area on the chart. VIX chart has a nice elliot pattern. Off of the 12/23 low there is a five wave advance into 1/13, then and ABC corrective flag ... the downtrend of the flag was violated today. The next leg up in the vix would be a wave 3. You can get a five wave elliot count on the VIX from 7/20 to 10/8 with 3 poles and 2 flags. If this count is correct this leg up in the vix Could be of similar magnitude to the September sell-off (in the VIX), XCI broke trend today. From using the RSI on the XCI to make a wave count, I beleive that 10/22 was top of wave one, Thanksgiving top of wave three and since then we have had an extended wave 5 with an extended wave 5 of 5. Means this correction could bring us back to the 12/1 area on the charts, top of wave 3. Saw Larry Katz on Kwhy, he showed a 20 year sentiment chart. The sentiment bottom in 82, 90, & 94 4 year cycle lows were major bottoms with major bearish sentiment. The bottoms in 86 and 98 were minor intermediate bottoms in sentiment. He believes that this will be like 1987 where the 4/8 year cycle bottoms a year late. As I've stated the XAU internals and chart pattern is very similar to the 86 bottom. Today I believe POG took out the declining topsline and closed about on the high. Silver was up 22 cents today. bb