Re: [RT] SP Buy Signal

["Colin C. Johnston" <ccjohnston@xxxxxxxxxx>]

Don -- load up GET's "RX" 60 minute Mar S&P contract, for clarity here.

Colin

Don Ewers wrote:

> Always careful :-)
>
> Agree on weekly, see attached. I have it in a wave 3 but there is as also a
> "possible" ABC pattern there also? Since the current wave 3 stalled around a
> "perfect swing level" (wave a=wave c), jury still out. If we do get a rally
> it could also just be minor 4 of this wave 3 on the weekly?
>
> 60min I am not sure of. I am currently trying to look at it and ignoring the
> fed day and day after action as an anomaly. That would put us in a wave 3
> here off the bottom "perhaps" versus the count you now see, but only a
> guess.
>
> Can this thing go down, yes definitely. I am just trying to keep an open
> mind to all the possibilities.
> don ewers
>
> ----- Original Message -----
> From: "Colin C. Johnston" <ccjohnston@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Friday, January 19, 2001 10:53 AM
> Subject: Re: [RT] SP Buy Signal
>
> > Don -- be careful:  the 60-minute chart shows a fifth-wave high, and the
> > weekly is still in a downtrend.
> >
> > With best regards,
> >
> > Colin Johnston
> >
> > Don Ewers wrote:
> >
> > > FWIW,
> > > AGET ISSUED A TYPE 2 BUY ON TRADE ABOVE THE 6/4 MA CHANNELS, YESTERDAY
> ON
> > > THE DAILY, WITH 5 WAVES IN. WHETHER A RALLY IN A BEAR OR A SIGNIFICANT
> > > TURNING POINT, TIME AND DIRECTION WILL TELL?  I WILL ATTEMPT TO FOLLOW
> > > don ewers
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> >
>   ------------------------------------------------------------------------
> > >                         Name: RX01Hday11801.gif
> > >    RX01Hday11801.gif    Type: GIF Image (image/gif)
> > >                     Encoding: base64
> >
> >
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> >
> >
> >
> >
>
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>
>   ------------------------------------------------------------------------
>                             Name: RX1Hweekly1-19-01.gif
>    RX1Hweekly1-19-01.gif    Type: GIF Image (image/gif)
>                         Encoding: base64
>
>                           Name: RX01H60min11901.gif
>    RX01H60min11901.gif    Type: GIF Image (image/gif)
>                       Encoding: base64


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