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lenny does your work agree with earls work?
Ben
if so
when do you see bottom in nasdaq and sp?
----- Original Message -----
From: "EAdamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, June 20, 2001 10:02 AM
Subject: Re: [RT] S&P index/m3 update
> I continue to believe that the current "rally" is w.4.3 ... the negative
> price structure is reinforce by NYSE and NASDAQ breadth models which are
now
> locked in sell mode. This is one of the few times I can remember a "rally"
> which has violated every bullish channel I have attempted to create on the
> 30 minute chart ... not the stuff from which strong rallies are generally
> made. When trading counter-trend (in this case rally is counter trend), I
> run tight stops and have not been able to hold a position ... I now view
> this rally as an opportunity to establish short position from slightly
> higher levels.
>
> Earl
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, June 20, 2001 7:16 AM
> Subject: Re: [RT] S&P index/m3 update
>
>
> > Ben,
> > Here is an update EW look on a daily chart. If the rally is to occur it
> > would have to be sub-minor 4 of minor wave 3 (of big wave 5) since the
> minor
> > wave 3 has not met its min. extension of 1.618 (of minor w1-w2). It
would
> > end in the retracement areas shown (.382 around 1245, .50 around 1255,
or
> > .618 around 1265). What do you use to come up with 1273 estimate might I
> > ask?
> >
> > Also attached is the TimeFactor projection for the second half of the
> month
> > of the site, which is supportive of some sort of move up to some degree
> > (permission granted to post).
> >
> > Of course all the bad news out there needs to be ignored (which is hard
to
> > do) :-)
> > don ewers
>
>
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