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| From: David Hunt <adest@xxxxxxxxxx>
| To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
| Subject: US Equities Markets
| Date: Friday, August 07, 1998 7:00 AM
|
| Seems like a SIMPLE 61.8% ON MY HAIRY CATERPILLAR DOW DAILY DATA FROM
| BOTTOM OF WAVE 2 COUPLED WITH A 50% RETRACEMENT OF THE ENTIRE RANGE from
| the 1997 crash low. Plus the midpoint of the season!! Has anyone found
| some larger picture evidence in time on the Dow?
|
| The major Time I can find is on the S&P with the 1 point per degree and
day
| coming off the 1997 Crash low catching the low see Spigann.gif.
|
| Plus a just shy of 50% retracement AND A GREAT FAKE OUT On THE BREAKOUT
OF
| WAVE 4 for S&P 500 - bad one for the swing chart traders and
| trendfollowers.
|
| Did anyone see this yesterday or were they just too scared of the
| volatility to try to nail the low?
|
| BTW Does the Dow Real data have the same ratios. My data vendor only
sells
| hairy caterpillars.
|
| David Hunt
| http://adest.com.au
|
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