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Referencing the Weekly/Daily SP and ND charts I posted on Thursday ... SP
closed the gap and is now very close to the W.1 rally high. Hourly work
suggests Friday's low may have completed a w.3 of w.3 decline which suggests
a w.4 rally followed by a w.5 decline to complete w.3 down. The W.4.3 should
give it a bit of a pop here followed by a resumption of the decline. If this
is correct, the W.1 high is likely to be violated by W.5.3 and if not, by
W.5 putting the entire rally into question. ND weekly closed below the
important 1755 support level tested 3 times previously so the ND is adding
weigh to the bear market rally case.
I haven't posted the 72/73 bear market comparison charts in a while but they
are fascinating ... will post this weekend.
Earl
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 16, 2001 7:35 AM
Subject: Re: [RT] Thoughts for Weekend
> Clyde,
> Interesting but AGET also has a target down in that 1000 area.. The PTI
is
> on the edge though which is a measure of wave 5's ability to make a new
low.
> Below 34 normally indicates "look" for a double bottom or a "failed 5th
> wave" (one that never materializes). The ellipse tool caught the wave 4
high
> almost exactly (as did the 50% retracement W2 to W3), wish I would have
seen
> that before, hindsight now.
>
> Maybe the pattern looks too good to be true. They never make it that easy
do
> they? Other posts seem to indicate we are ready to rally, as does your
> STimer if the projection holds? Anyway another view.
> don ewers
>
> ----- Original Message -----
> From: "Clyde Lee" <clydelee@xxxxxxxxxx>
> To: "SwingTimerTS2k-List" <SwingTimerTS2k@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, June 15, 2001 9:02 PM
> Subject: [RT] Thoughts for Weekend
>
>
> My thoughts for the weekend.
>
> Clyde
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> SYTECH Corporation email: clydelee@xxxxxxxxxxxx
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