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In a message dated 98-09-03 19:33:28 EDT, you write:
<< Recently, someone asked me about the DJIA 17-32 retracement chart I posted
here
a couple of months ago and I zoomed in for a closeup of the top, then
compared
it to a weekly line chart of the current top. Then I switched over and zoomed
in
on the Nikkei in Dec 90-Feb 91. In both cases, there was a waterfall decline
when the bottom of the first retracement was taken out. My current
intermediate
and long term technical work is suggesting that the current bottom is not
going
to hold.
Earl >>
good morning
probably today is the short term bottom(with possible lower low then
yestrday but by 09/12/98 we will visit 1012-1025sp
then we go down to 420nya which is the waterfall
reason for short term to 1012-1025 is p/c on cboe 1.17 on ALL eqities
p/c on all indexes 1.91
p/c on sp 500 2.56
happy trading
Ben
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