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In a message dated 98-08-11 14:28:45 EDT, you write:
<< Looking at the hourly Dow Jones cash.....it looks to have completed a 5
wave
decline from the all-time high.....IF this move down doesn't keep
sub-dividing...THEN we can
expect a retracement to the 8850-8950 area before the waterfall decline
starts..........
During this rally phase you should hear the Ralph's and Joe's on CNBC
talking about
how this was just a normal correction in a bull market.....this rally phase
>>
hi
my forcast for the end of this move down put it @502-504 on nyse close
,
this is 475 to 550 dow points lower,
yes we will have some short term rallies but not higher then 546-550 nya
close
happy trading
Ben
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