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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (17090)	3/1/1999 3:01:00 PM
From: Bull RidaH	Respond to of 44573

Chip, 1246SPH,or 1243.02 SPX, was the late day high on Friday. I believe we've entered a 5 wave move down from last Wednesday's highs, with the low on Thursday being the end of 1, and the late day high on friday being the end of wave 2. The move into today's lows looks like the 1st subwave of wave 3, and we're in a subwave 2 corrective at the moment. Thus far, this subwave 2 corrected 75% of subwave 1. It may be over soon, and if it is, your 3pm T-P could kick the market over the cliff as we begin subwave 3 down of wave 3 down. And that's all i have to say about that. <g> Forest