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Re: MKT SymWave for the SPU8 7/16/98 Part 1



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<DIV><FONT color=#000000 face="Times New Roman" size=2>Adding another comment 
using a different technique........in Elliot Wave terms....we appear to be 
finishing up a beautiful&nbsp; 5 wave&nbsp; pattern on the weekly, daily and 
hourly charts.....because the five wave pattern looks to be completing on the 
weekly chart....the implications are for the start of one of the largest 
declines over the past few years....this decline could take us back to at least 
8500 and quite possibly to the lows of this year(below 1000 on the 
spx)............</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2>P.S. Don't disregard 
Elliot Wave just because someone who has written books etc. on the subject has 
made some incorrect calls.....I doubt that Henry Ford was also the greatest 
driver in the world.....breaking down Elliot Wave into a successful trading 
strategy is just as difficult as any other.....first it's complicated....then 
you simplify it, so that it is usable.</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2>P.S.S.&nbsp;&nbsp; Maybe 
someone with a gift for gifs(Alan Sears might be able to help)....could show us 
how we are completing a 5 wave pattern from the recent lows AND completing a 5 
wave pattern from the Jan. lows AND possibly completing a larger 5 wave pattern 
that goes back a number of years.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2>Tom Stein</FONT></DIV>
<DIV><FONT color=#000000 face="Times New Roman" size=2><A 
href="mailto:comfut@xxxxxxx";>comfut@xxxxxxx</A></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Jul 16 17:49:10 1998
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Actually, this degree comes from the School of Hard Knocks.