Re: [RT] NASDAQ Rhythm or Bond Rhythm?

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Lenny,
I was looking at the weekly bond chart which is currently showing it in a 
wave 4. As you know the decline off the top has been sharp and very short 
time-wise which brings me to these questions. You have mentioned:
 
"As I have said in the past, Wave 
4's should last at least as long as 38.2% in time of Wave 3. So the low on 
04/04 should hold for at least (2) months. "
 
I have included it on the chart starting from the start of wave 2 (is that 
correct?). If so it would indicate a low in bonds (even if they ABC from here 
since they have stopped right at a 50% retracement so far) is not due until at 
least the week of 
7-13-01? I have not used this time analysis in the past and the last time 
it was discussed as I recall it was on a weekly Cocoa chart (on the 
AGET board) and it was dead on in predicting an ABC pattern there since 
not enough time had evolved in the wave 4 (not even close like this). 

 
I forget, does this come from Miner and are there any %'s that can be 
attached to it, ala happens 70% of the time etc.?
 
If this bond chart is correct time-wise, it is "somewhat" in agreement 
with your statement that the market rally has "at least 2 months to go" and it 
has the similar "7-13-01 date" you mention. It can't be that easy can it (bonds 
generally fall, after a wave 4 "B" leg rally as the stock market rises into 
7-13-01) then  . . . .?
Let me know on the %'s if any are available and the source.
Good luck and good trading.
don ewers
----- Original Message ----- 
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <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: Friday, April 20, 2001 11:57 
  PM
  Subject: Re: [RT] NASDAQ Rhythm
  <FONT lang=0 
  face="Arial Rounded MT Bold" size=2 FAMILY="SANSSERIF">In a message dated 
  4/20/2001 8:54:25 PM Eastern Daylight Time, <A 
  href="mailto:proffittak@xxxxxxx";>proffittak@xxxxxxx 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">now that we come so far Do you still think there is a danger 
    of RE  visit the low Before   july? (i see a GOOD 
     pull back  until  5/1-5/5 <FONT 
  lang=0 face="Arial Rounded MT Bold" color=#000000 size=2 
  FAMILY="SANSSERIF">Ben,    Don't know if this was 
  directed to me or not but I'll add my two cents worth here. Since I like 
  to look at things from a step back I'll use Weekly charts for a view of 
  the "Bigger" picture: 1) As I stated last Friday, the NASDAQ rhythm to 
  Fib #'s have been quite remarkable. 2) As far as I'm concerned, 
  it's very difficult to come up with a predetermined reversal area for a 
  Wave 1 or a Wave A after the first move off of a long 5-Wave sequence 
  down. Although 2251.71 (my wave 3:3 low) should provide some good 
  resistance. At this point I have tight stops on everything I own. 
      3) As I have said in the past, Wave 4's should last 
  at least as long as 38.2% in time of Wave 3. So the low on 04/04 should 
  hold for at least (2) months. 4) Once there is a turn down on the 
  Weekly chart I would expect at least a 38.2% retracement of the then 
  current move up and would get VERY nervous if it retraced past 78.6% 
  although the NASDAQ Wave 2'w has been typically retracing close to 100% of 
  Wave 1's on the Impulsive side of the ledger. 5) My price clustering 
  shows the area of 2866-2962 as a possible finish to a wave 4 around the 
  Week of 07/13/01. That's all for now. Lenny 
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