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I am missing something. What is WAXdaq?
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: A.J. Maas <anthmaas@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 13, 2000 12:19 AM
Subject: Re: Eat thy words : Mark Mobius & Abbey Cohen
> Since the WAXdaq lost its shine.......................
>
> According to the RSI, the WAXdaq level to expect a Turnaround(=major
support)
> to take place = its former breakout 2923.
>
> Your counts are always welcomed, tho.
>
> Regards,
> Ton Maas
> ms-irb@xxxxxxxxxxxxxxxx
> Dismiss the ".nospam" bit (including the dot) when replying.
> Homepage http://home.planet.nl/~anthmaas
>
>
>
>
> ----- Original Message -----
> From: "Rajesh" <rajesh@xxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: vrijdag 31 maart 2000 17:45
> Subject: Eat thy words : Mark Mobius & Abbey Cohen
>
>
> > Re : Nasdaq
> > I'm willing to take them (Mark Mobius & Abbey Cohen) head on. I don't
> > at all think that the Nasdaq is going to crash. If you see the chart,
> > you
> > can clearly see that this is a devastating c-wave of an
> > a-b-c correction. Mark & Abbey have done the perfect tango with Elliot
> > in
> > reading the unfolding of the c-wave in advance.
> > Looking at the chart you can see
> > 1. the a-wave from the market top
> > 2. the b-wave (in clear 3-waves) going to make a possible double top
> > 3. the c-wave downwards which has unfolded
> >
> > This c-wave will be in 5-impulsive waves downward but the daily chart
> > shows no breaking-up of the c-wave, hence it is a monowave and in
> > order to see the internal structure of this c-wave you will have to look
> >
> > at
> > the hourly charts.
> >
> > Coming back to the Nasdaq chart
> > 1. You will notice the a-b-c formation made by the market during
> > January/February 2000 after a sustained rise from mid-October 1999. In
> > this
> > a-b-c flat formation, the b-wave crossed the market top and the c-wave
> > failed to go below the bottom of wave-a. Hence, the formation was an
> > irregular failure. This was the first sign of strength in the market.
> > The
> > subsequent rise to the market high of
> > 5000+ fell far short of the expected rise that should follow an
> > irregular
> > failure pattern. The only conclusion one can draw is that the rise was
> > corrective in nature, qualifying it as either a larger degree B-wave or
> > an
> > X-wave.
> > 2. In all probability it was an X-wave leading me to believe that the
> > a-b-c formation (we are in the c-wave of this formation) after the
> > market
> > high of 5000+ is only part of a corrective combination which
> > by itself is suggesting tremendous strength in the market.
> >
> > In my opinion, the market may not even fall into the price zone of
> > the first a-b-c which is approx 4250. Even if this level is broken,
> > the market will never go below the c-wave of the first a-b-c which is
> > approx 3750.
> >
> > If these readings of mine are correct, then when the fall is over, the
> > Nasdaq composite would commence it's most phenomenol bull run in
> > it's history.
> >
> > Ciao
> >
> >
>
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