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Message-ID: <365BCAF4.55258103@xxxxxxxxxxxxxxxx>
Date: Wed, 25 Nov 1998 14:46:36 +0530
From: Rajesh <demon@xxxxxxxxxxxxxxxx>
Reply-To: demon@xxxxxxxxxxxxxxxx
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To: metastock@xxxxxxxxxxxxx
Subject: Elliotscope:Update 25th Nov 1998
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Before the bell :
25th Nov 1998
Extracts Mentorspeak
"The market gave a minor reaction yesterday. However, the upward
movement is far from over. For our analysis to make sense, IT IS
NECESSARY FOR THE MARKET TO CROSS THE MINIMUM LEVEL OF 9454.
If however, the market breaks yesterday's bottom of 9289, after the
reaction stops (which must be above the trendline drawn through
7878 and 8328) expect a minimum upward surge of 1070 points.
To sum up, if the market does not go below 9289 today, it will cross
the 9454 mark. If the market goes below 9289, at whichever point the
market turns up - it will make an upward movement of a minimum of
1070 points.
Regards,
"
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