Re: [RT] Re: sp50/nasdaq

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Lenny,
Interesting to see the ABC perfect swing down is also a .786 retracement of 
wave 2 to wave 3 up, they line up almost perfectly.
 
Earl the localized count is a good idea, thanks, since the wave 3 is so 
questionable ala parabolic rises are always labeled a wave 3.
don ewers
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  rosow@xxxxxxx 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, February 28, 2001 11:05 
  PM
  Subject: Re: [RT] Re: sp50/nasdaq
  <FONT lang=0 
  face="Arial Rounded MT Bold" size=2 FAMILY="SANSSERIF">Ed, 
     Until the NASDAQ closes above 3042.66 I'll trade only 
  short term to the long side. That's my line in the sand for now. Please 
  see chart. Good trading, Lenny In a message dated 
  2/28/2001 9:44:41 AM Eastern Standard Time, <A 
  href="mailto:edwardlarson@xxxxxxxx";>edwardlarson@xxxxxxxx writes: 
  <FONT lang=0 face=Arial color=#000000 size=2 
  FAMILY="SANSSERIF">
  <BLOCKQUOTE 
  style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px" 
  TYPE="CITE">Just a question re: your Elliot wave counts and projections. 
     At what point (or price level) does price have to trade through to 
    change your opinion from a bear trap rally - to a rally and 
    stabilization with which to build a base for a new bull cycle. 
     Would it have to trade through to a new high on the NDX, or break 
    and sustain a higher level of one of the previous wave tops? 
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