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<DIV><FONT color=#000000 size=2>Peter, something came to mind</FONT></DIV>
<DIV><FONT color=#000000 size=2> We
are dealing with a series of non-limiting triangles which ended the throughout
the long term Elliott count. The first of these had is lines converge very
quickly in 1949. The next one is the Cycle degree limiting triangle which
ended wave 2 in 1995 [ which began in 1987. ]</FONT></DIV>
<DIV><FONT color=#000000 size=2> As
you know Non limiting triangles occurr only in x waves, or preferably at
the end of running corrections. Post - thrust activity out of a triangle
occurs when the market moves back into the time zone of the APEX of these
triangles . ie market explodes out of the triangle but then turns back [down in
this case] into the Apex, but the rally then resumes as it turnss backup when it
reaches the Apex time zone.</FONT></DIV>
<DIV><FONT color=#000000 size=2>
According to my charts, the APEX of the cycle degree wave 2 triangle has not
converged, but is coming soon. COULD this be the reason that the market has
turned down unexpectedly , in order to terminate in the Apex's time zone. <FONT
size=2><FONT face=Arial><FONT color=#000000><STRONG>See attatched charts . I
would appreciate a better chart with clearer trendlines which better approximate
the convergence.</FONT></FONT></FONT></FONT><FONT color=#000000><FONT
face=Arial><FONT size=2></FONT></FONT></FONT></STRONG></DIV>
<DIV><FONT color=#000000 size=2> You
will notice that the smaller wave e triangle in this large cycle 2 degree
triangle , caused the market to pull back into the smaller triangles apex in
jul/96 , as did the recent triangles apex in may, hence validating there
existence as part of an overall corrective advance.</FONT></DIV>
<DIV><FONT color=#000000 size=2> These are of course
non-limiting triangles, which are found in complex/corrections, & not
limiting triangles in which the thrust terminates at the apex. This further
disproves Precthers count. </FONT></DIV>
<DIV><FONT color=#000000 size=2> There
are two charts below ilustrating this. </FONT></DIV>
<DIV><FONT color=#000000 size=2> Your
thoughts</FONT></DIV>
<DIV><FONT color=#000000 size=2> regards Peter</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2> Krueger
Klage Derivatives</FONT></DIV>
<DIV><FONT size=2> Sydney Australia</FONT></DIV>
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