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

To: Arik T.G. who wrote (3959)	2/25/1999 2:58:00 PM
From: Claude Cormier	Respond to of 5676

Arik, Here is what my good EWT friend send me yesterday: I posted this yesterday on the forum. I thought you might like to see it. The peak today in the DJIA, one day short of the center of the time zone (close enough) was 9598. If that was the end of wave C' in the developing A-B-C-X-A'-B'-C' double zig-zag then it occurred at a number which does not project exactly to any of the numbers (5571, 6216, 7012 or 7501) that I see as probable for the low of Intermediate Wave 4. It doesn't mean that it can't work - it just means that it doesn't tell me anything special. Supporting today as a possible high is the internal wave count of wave C'. It is an a-b-c where wave b corrected 66.7% of a and wave c was just a few points short of 1.618 times the length of wave a. A significant break of DJIA 9269 intraday would indicate to me that Minor Wave B which started on 10/27/97 is finished and Minor Wave C has begun. If this decline reasonably holds 9269 then I suspect that wave C' will develop into a rising wedge creating a narrow trading range market for another month or so. A rising wedge is comprised of five waves labeled a-b-c-d-e and the rally from the 10th to today would be labeled as wave a of that wedge. Given the importance of today's time zone, I doubt very much that the other two rally waves in the wedge (c & e) will exceed today's high at their peak. If the wedge comes to pass then a likely number for the peak of Minor Wave B is 9560-5. That number is one that shows much resistance this week and is below the peak of 9598. If the peak of Minor B is in the 9560-65 area, it suggests to me that the low of Minor Wave C and thus Intermediate Wave 4 will be 5571.