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


To: Claude Cormier who wrote (3954)2/22/1999 7:09:00 PM
From: yard_man  Read Replies (1) | Respond to of 5676
 
Claude,

Too high!! Tell 'em to scale it back. I've had enough. <g>



To: Claude Cormier who wrote (3954)2/24/1999 7:17:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 5676
 
Hello Claude,

Amending the shorter term count (LT count still intact)
exchange2000.com

.......Minute 1 - 10/8/98 to 11/27 Duration = 35 trading days ; Gain = 269 SPX points.
.......Minute 2 - 11/27 to 12/14
.......Minute 3 - 12/14 to 1/8 Duration = 17 trading days ; Gain = 141 SPX points.
.......Minute 4 - 1/8 to 2/10
.......Minute 5 - 2/10 to present. Duration Should be 7-9 days to have the same ratio as 3 had to 1 (but it is already 8 days old); Gain should be 74 SPX points (top at 1286) to copy the ratio of wave 3 to wave 1.

The very short term count from 2/10 open suggests:

wavelet 1 - 2/10 open to 2/11 close (has a clear intraday 5 count within).
wavelet 2 - 2/12 open to 2/18 morning
wavelet 3 - 2/18 morning to 2/23 morning
wavelet 4 - 2/23 to present
IMO this small correction should end today between SPX 1258-1262, and wavelet 5 should last a day or two topping in the high 1280s to low 1300s.

Your friends' target is in agreement with this count.

ATG

Edit: I have re-read the above linked post and feel that most of the statements I posted there are still applicable.



To: Claude Cormier who wrote (3954)2/24/1999 7:45:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 5676
 
Claude,

Another possibility, which is not supported by the NDX and Russell 2000, and is much harder for me to swallow, is that 11/27 ended minuette 1, 12/14 ended minuette 2, 2/1 ended 1 of minuette 3 and 2/10 ended 2 of 3. That puts us at presently at 2 of 3 of minuette 3 and projects much higher highs. IMO that is unlikely but this is a possible count.

ATG