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While not a chartist, I'm at a make or break point in my chart. We're
either going to break down or up out of my triangle (maybe I can get a job
at one of the financial news networks <G>). Based on the patterns, looks to
me like we might break out to the upside. That 999 today on the S&P was
right on my upward trend line.
Anyway, we're sitting on a profitable short, but have a buy signal. Need a
down day, but not too powerful, to reverse.
Hope this gets out tonight as my ISP is down.... Glad I signed up with a
little service provider like Pacific Bell <g>.
FWIW
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of michael arnoldi
> Sent: Monday, September 21, 1998 1:22 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Finally a Signal!
>
>
> < "this could be a 3 wave or a 5 wave correction?"
> the 3 wave that you refer to consits of ABC counting in corrective
> action, note when looking at daily dow charts you can see 4 moves so far
> (with lower highs), suggesting one more move down completing 5 waves
> total. this could be either leg A or leg 1 of the entire correction.
> note:corrections will have a 5/3/5 internal counts (the first five is
> still in progress)
> mike arnoldi
>
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