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<P><FONT face=Arial size=2>Don't be too fooled by the in this Report used
percentages for Retracement's ratio-factor, for as most<BR>targets mentioned
here were either not hit or were well surpassed, eg
when calculated via the also<BR>in this edition of the
WW-Report used (and for standard over-fantasized) "old
hat" fib-series for figures<BR></FONT><FONT face=Arial
size=2>for retracement-ratio-factor.<BR></FONT><FONT face=Arial
size=2><BR>The exact targets naturaly should be (and are far
better) calculated using the Decimal System<BR>(eg the Fractal
Retracements), for as this Decimal-system also naturaly represents this
21st century's<BR>advanced methodologies far better than an in the 12th (?)
century <so called> discovered "repetativeness"<BR></FONT><FONT
face=Arial size=2>for one of the mother-nature's miracles, eg where it would
take "one(1) to enable to tango"(something<BR></FONT><FONT face=Arial
size=2>that is naturaly done by 2 (a pair) or more) eg a </FONT><FONT face=Arial
size=2>narrow-minded, very-biast and very-monogamistic,<BR>very-fantastical-way
(tho also part of mother nature laws, sure ain't the only one).<BR><BR>For
that, I still cannot understand why so many <modern day>
Analysts still let themselves in with this</FONT><FONT face=Arial
size=2><BR><12 century's mumbo jumbo>, eg it is not understandable why
they, the modern day Technical Analysts<BR>(including this Report's writer) than
seem to hang on to something (fib-theories) that have well been<FONT
face=Arial size=2><BR></FONT>superseeded a long time ago, eg and in this
instance and in this Century certainly by the above<FONT face=Arial
size=2><BR></FONT>mentioned Decimal System (eg for also being its/the
greater successor to many other odd but-now-died-out<FONT face=Arial
size=2><BR></FONT>mathematical systems (Gallons, Miles, Pounds, Fractions in
stocks quotations etc.).<FONT face=Arial size=2><BR></FONT>What will it be:
-Clinging onto DOS v1.0/MetaStock v1.0 or enter the modern-day-society with
Super<FONT face=Arial size=2><BR></FONT>Windows 2K(9x)/MetaStock v7.x ?
-Twin-propellored/wooden airoplanes or Airbusses/JumboJets ?<FONT face=Arial
size=2><BR></FONT>-Horse+wagons/A-Fords(T) or Scorpios/BMWs ?</FONT></P>
<P><FONT face=Arial size=2>Anyway, it is the actual waves' pattern(s) and
developements over/in time, eg the markets (repetitive) moves<BR>(that was so
very well noted by) and the waves' </FONT><FONT face=Arial
size=2>counts (according to) the in the after Ralph N. Elliott<BR>named Waves
(and the by Charles H. Dow originated) market theory of "Trends as general
buisiness conditions"<BR><A
href="http://www.equis.com/free/taaz/elliotwavetheo.html";>http://www.equis.com/free/taaz/elliotwavetheo.html</A><BR><A
href="http://www.equis.com/free/taaz/dowtheory.html/";>http://www.equis.com/free/taaz/dowtheory.html</A><BR></FONT><FONT
face=Arial size=2>(for the markets' well being) that counts and </FONT><FONT
face=Arial size=2>matters here, and not (for) the here too (somewhat
very<BR>hypotheticaly and from the wrongly used retracements factor, than also
not so important) found/calculated<BR>mathematical but highly virtual market
targets.</FONT></P>
<P><FONT face=Arial size=2>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxx</A><BR>Dismiss the
".nospam" bit (including the dot) when replying.</FONT></P>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<P><STRONG><FONT size=6>THE WOODSON WAVE REPORT</FONT></STRONG></P>
<P align=left><STRONG><FONT size=6>SPECIAL INTERIM
REPORT</FONT></STRONG></P>
<P align=left><STRONG><FONT size=6>UPDATE AUGUST 12,
1999</FONT></STRONG></P></FONT><FONT face="Times New Roman">
<P align=left><STRONG><A
href="http://www.galaxymall.com/finance/stockmarket";>http://www.galaxymall.com/finance/stockmarket</A></STRONG></P>
<P align=left> </P></FONT><FONT face="Times New Roman">
<P align=left><STRONG>FIRST WAVE TARGET ACHIEVED!</STRONG></P>
<P align=left> </P></FONT><FONT face="Times New Roman">
<P align=left><FONT size=4>Our "blueprint" for the current stock market
decline detailed in the August issue, remains</FONT></P>
<P align=left><FONT size=4>intact. In terms of time, we anticipated the
first wave decline to bottom on August 11,</FONT></P>
<P align=left><FONT size=4>1999. With the print low of the Dow of 10,549
registered on August 10, 1999 it appears</FONT></P><FONT size=4>
<P align=left>that wave 1 down bottomed to </FONT><B><I><FONT
face="Times New Roman">within one day </B></FONT></I></FONT><FONT
face="Times New Roman"><FONT size=4>of our forecast. The market is currently
in</FONT></P>
<P align=left><FONT size=4>wave 2 up. The Dow is tracing out some perfect
waves right now. Wave ii was a perfect</FONT></P>
<P align=left><FONT size=4>.382 of wave i. Wave iv was an exact .500
retracement of wave iii. On a price level, I</FONT></P>
<P align=left><FONT size=4>would have preferred wave v to bottom at the 10,
422 level. But pattern is of the utmost</FONT></P>
<P align=left><FONT size=4>importance. With the bottom registered on August
10, the first five waves down of</FONT></P>
<P align=left><FONT size=4>minute degree are complete ending minor wave 1
down.</FONT></P>
<P align=left> </P>
<P align=left><FONT size=4>Recall that we mentioned the 10,880 level as
being important resistance. Within the</FONT></P>
<P align=left><FONT size=4>internal structure of wave 1, wave iv had to hold
below the 10,880 level. It did. Wave iv</FONT></P>
<P align=left><FONT size=4>topped at 10,818 on 8/6/99 (see updated chart
next page). Therefore, with the bottom</FONT></P>
<P align=left><FONT size=4>achieved on August 10, our key resistance level
now becomes the all time high of 11,252.</FONT></P>
<P align=left><FONT size=4>The market is currently in wave 2 up. Remember,
wave 2 cannot retrace more than all of</FONT></P>
<P align=left><FONT size=4>wave 1. So if our count is correct, the high of
11,252 will not be broken. Where will</FONT></P>
<P align=left><FONT size=4>wave 2 end? The most likely fibonacci retracement
levels are: 10,817, 10,900 and 10,983.</FONT></P>
<P align=left><FONT size=4>As you know, 10,817 was surpassed. The high today
was right on the .50 retracement</FONT></P>
<P align=left><FONT size=4>level at 10,900. If the Dow tries to move higher
from here, it should find resistance at the</FONT></P>
<P align=left><FONT size=4>10,983 level, a .618 fibonacci
retracement.</FONT></P>
<P align=left> </P>
<P align=left><FONT size=4>If the 10,900 level is indeed the top of wave 2,
then wave 3 down is upon us. Third waves</FONT></P>
<P align=left><FONT size=4>are the strongest and most powerful. During the
third wave, there is no doubt about the</FONT></P>
<P align=left><FONT size=4>current trend. If a crash is to occur, it will
most likely happen at the bottom of the third</FONT></P>
<P align=left><FONT size=4>wave. At a minimum, we expect wave 3 reach a
fibonacci 1.618 multiple of wave 1 at</FONT></P><FONT size=4>
<P align=left>Dow </FONT><B><FONT
face="Times New Roman">975</B></FONT></FONT><FONT
face="Times New Roman"><FONT size=4>3. Remember from the August issue that a
.382 retracement of the entire rise</FONT></P><FONT size=4>
<P align=left>from last fall gives us a target of </FONT><B><FONT
face="Times New Roman">978</B></FONT></FONT><FONT size=4><FONT
face="Times New Roman">0. Barring a crash, </FONT><B><FONT
face="Times New Roman">9753 - 9780 </B></FONT></FONT><FONT
face="Times New Roman"><FONT size=4>should identify the</FONT></P><FONT
size=4>
<P align=left>next low. Fifty five days from the closing high on the Dow
marks </FONT><B><FONT face="Times New Roman">9/9/99 </B></FONT></FONT><FONT
face="Times New Roman"><FONT size=4>for the end of</FONT></P>
<P align=left><FONT size=4>wave 3 (see chart page 3 of August issue). For a
crash to be considered a possibility, the</FONT></P>
<P align=left><FONT size=4>Dow must come under great pressure and continued
weakness in the days before 9/9/99.</FONT></P>
<P align=left><FONT size=4>The market should make itself known in the next
couple of weeks. We, of course, will be</FONT></P>
<P align=left><FONT size=4>listening intently to what it tells us.
Alternately, any move (unexpected) above the 11,252</FONT></P>
<P align=left><FONT size=4>all time high negates this count.</FONT></P>
<P align=left> </P>
<P align=left><IMG align=baseline alt="" border=0 hspace=0
src="cid:005901beea8f$cb00c200$40b679c3@xxxxx";></P><FONT
face="Times New Roman">
<P align=left><FONT size=4>Thank you for subscribing to The Woodson Wave
Report.</FONT></P>
<P align=left><FONT size=4>Dale Woodson, editor.</FONT></P>
<P align=left><FONT size=4>Next monthly issue - September 3,
1999.</FONT></P>
<P align=left>NEWSLETTER $15 PER ISSUE OR, $165 YEARLY SUBSCRIPTION INCLUDES
12 MONTHLY<BR>ISSUES PLUS SPECIAL INTERIM REPORTS OR, $42 QUARTERLY
SUSCRIPTION INCLUDES<BR>3 MONTHLY ISSUES PLUS SPECIAL INTERIM
REPORTS.</P></FONT><FONT face="Times New Roman">
<P align=left>Disclaimer: The Woodson Wave Report combines Elliott Wave
analysis and Fibonacci ratios to identify<BR>turning point targets in the
Dow, bond and gold markets with respect to both price and time.<BR>This
report is issued monthly and as targets are achieved. The information
contained in the report<BR>is prepared solely for informational purposes and
should not be taken as an offer to buy or sell<BR>any investment
vehicle.<BR>Past performance is no guarantee of future results, therefore
Woodson Wave Report is released from<BR>any and all
liabilities.</P></BLOCKQUOTE></BLOCKQUOTE></FONT></FONT></BODY></HTML>
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