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Re: [RT] S&P bottom?



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Don
 
Very interesting analysis.  Just thought you 
might like to see the enclosed bit of creative thinking.   I know, I 
know, it is not a Bear Flag - but do you think we could add 'yet' 
??!!   Who knows, it may turn out that way - not perfect, as usual, 
because of the tail to the bottom, buttttttttt.....  we'll 
see....
 
Bill
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Don 
  Ewers 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Thursday, February 22, 2001 4:56 
  PM
  Subject: Re: [RT] S&P bottom?
  
  Bill E.
  My AGET daily chart says it is potentially in a wave C:4 (wave 4 with an 
  ABC pattern developing) and a perfect swing would take it to the 100-27 area, 
  maybe lower (Lenny has projections to 98-99 area)? There still is a gap that 
  needs to be filled at 104-00 so it may do that first?  Possibly a good 
  place to sell 104 calls?? 
   
  The 60min chart shows wave A:4 had a 5 wave pattern (normal), wave B:4 an 
  three wave ABC pattern (as it should), and wave C:4 is unfolding in a 5 wave 
  pattern, although the wave 4 shown is likely minor wave 4 of wave 3 which is 
  still in progress.
   
  So your "island" if it holds, it would be good and if not merely 
  filling a gap? As a side note, bonds are not acting very well considering the 
  stock market carnage?
  As always, good luck and good trading,
  don ewers
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A href="mailto:t-bondtrader@xxxxxxxxxxxx"; 
    title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader 
    To: <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
    Sent: Thursday, February 22, 2001 3:19 
    AM
    Subject: Re: [RT] S&P bottom?
    
    Don
     
    When I posted the S&P chart I forgot to 
    post the Bonds one, so here it is.  As I said, it is by no means the 
    classic island, but I think it might just portend lower prices at this 
    point.   If it does, then perhaps the Spoo will 
    rally...
     
    Anyway, I have often found that these 
    formations, while they may only allow for a river rather than a channel, as 
    it were, can be helpful.   As I have often said before, for one 
    who is day trading, it is perhaps worth a short term punt on the puts, but 
    what you EW boys can make of it may prove very otherwise.
     
    As usual the market will tell 
us...
     
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Attachment: Description: "Possible Bear Flag.gif"