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<DIV><FONT color=#000000 size=2>RTs,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Looks like we could have an ending diagonal shaping up in the
Can $ - should bottom out around 6700 or a bit lower if I'm right, then break
sharply to the upside. Any comments?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Dennis C.</FONT></DIV>
<DIV><FONT color=#000000 size=2><A
href="mailto:dconn@xxxxxxxxx";>dconn@xxxxxxxxx</A></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Jul 21 15:08:20 1998
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Date: Tue, 21 Jul 1998 14:40:15 -0400
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From: "G.John Boggio" <boggio@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: MKT SymWave for the SPU8 7/21/98 Short-term
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Realtraders,
Several days ago, I posted a message indicating several symmetrical wave
structures that I was following. Attached is simply a very short term 15
minute chart which is a continuation of one of last weeks chart. If you
recall, I indicated that our shortest term wave structure measured 18.80
points on the SPU8, +/-3.76 points. This original structure is indicated
on the chart as wave aa - bb. As I mentioned, this wave structure is
overextended and new purchases should not be taken based on this wave.
However, for those of you who may be extremely short term intraday
traders, you will see that the SPU8 is currently down 1150 to 118210
(2:35pm edt). Believe it or not, the market should find temporary support
in this area. Personally, I am covering my shorts and will look to short
again near the 1188 -1192 area (at this time). I am not going to buy the
support level, based on symmetry wave theory, it is too overextended and
thus too dangerous.
Thanks,
John Boggio
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