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Those look like very reasonable targets in view of yesterday
and today's range.
bobr
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
rosow@xxxxxxx
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, June 22, 2001 8:32 AM
Subject: [RT] S&P
Earl, Bob & all,
I don't usually post during the day but I just
took a look at the 15 minute S&P cash and it has a beautiful e-wave
set-up since the 3rd to last bar of the day on the 19th. Wave 1 to about
1225 on the 20th. Wave 2 retraced 78.6% to around 1212.50 on the 20th.
Wave 3 was the 161.8% extension of Wave 1 to around 1240 on the 21st. Wave
4 is in progress as I type (11:30 A.M.). The 1225 area should hold if
theses counts are right with a Wave 5 move back up to the 1244 area. Just
a thought not a recommendation (ggg) Lenny
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