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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:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
>
------------------------------------------------------------------------
> > Name: RX01Hday11801.gif
> > RX01Hday11801.gif Type: GIF Image (image/gif)
> > Encoding: base64
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
Attachment:
Description: "RX01H60min11901.gif"
Attachment:
Description: "RX1Hweekly1-19-01.gif"
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