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Here's my dow. The white labels (which I described earlier) are still my
favorites. The trendline I colored white is a major long term pitchfork
going back 2+ years. If it goes, I am afraid I am way off base. It's
probably hard to see on the chart, but today's high was right on the blue
downtrend line connecting the beginning of 1 and the end of 2. Still the
yellow labels could makes sense to me for the Dow.
The compq is pretty similar count sa this. Except you have to call it a
diagonal triangle 1. Of note, this could also easily be called an ABCxABC
(and there are some Gann angles that support this). My problem with this
though is the combo of the deep retrace and the time overbalance ( a lot
more time in the correction than the move up. The other thing that makes me
more bearish than not is the charts of GE, IBM, MSFT , etc. and a lot of
sectors which to me count best as 5 down abc up. yet another... the astro
is awfully bad this fall. I have a hard time picturing what the NDX/compq
do if the dow does the alt scenario...maybe sit around?
We'll see. Some Gann guys I know think today is a very big low.
Have a nice weekend,
Chris
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: "Chris Cheatham" <chrischeatham@xxxxxxxxx>
Sent: Friday, August 10, 2001 3:06 PM
Subject: Re: [RT] Re: Fw: [AdvancedGET] RE: targets for naz and dow
> If I understand you correctly your wave 5 is wave 3 on the chart and wave
4
> is wave 1 and wave 5 in progress is wave 2?
>
> Certainly possible and count will change if we keep rallying. Only concern
i
> have is the economy needs to turn or we may not have seen the lows, thus
the
> debate.
> don ewers
> ----- Original Message -----
> From: "Chris Cheatham" <chrischeatham@xxxxxxxxx>
> To: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> Sent: Friday, August 10, 2001 1:13 PM
> Subject: Re: [RT] Re: Fw: [AdvancedGET] RE: targets for naz and dow
>
>
> > Sure, wait til the close -- I'll draw something up , if it goes up here
I
> > might change it just a little.
> >
> > CC
> >
> >
> > ----- Original Message -----
> > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > To: <chrischeatham@xxxxxxxxx>
> > Sent: Friday, August 10, 2001 12:28 PM
> > Subject: Re: [RT] Re: Fw: [AdvancedGET] RE: targets for naz and dow
> >
> >
> > > Don't follow, can you send gif?
> > > don ewers
> > >
> > > ----- Original Message -----
> > > From: <chrischeatham@xxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, August 10, 2001 11:50 AM
> > > Subject: [RT] Re: Fw: [AdvancedGET] RE: targets for naz and dow
> > >
> > >
> > > > My seat of the pants count is that we have finished 5 down abc up
and
> > > > we are in 1 of 3 now -- I look at the dow/sp and ndx/compq -- the
> > > > difference is that the dow and compq did fairly regular abcs, while
> > > > the sp and ndx did and expanded flat b wave. Of note the midcap
> > > > russell, etc. also fit this scenario pretty well. Not sure what to
> > > > make of today, the low was a b wave?? seems too small for a 5.
> > > > Sittin' back til I get a clue.
> > > >
> > > > Chris
> > > >
> > > >
> > > >
> > > >
> > > > --- In realtraders@xxxx, "Don Ewers" <dbewers@xxxx> wrote:
> > > > >
> > > > > These two posts are from the AGET list but some on this list might
> > > > find them
> > > > > interesting, Gann-wise (considering todays action so far).
> > > > >
> > > > > If the analysis is correct, a rough day today into Monday perhaps?
> > > > >
> > > > > Also attached is my AGET daily chart of the SP (pit session only)
I
> > > > have
> > > > > been following, with todays action so far (in a 5th wave down).
> > > > >
> > > > > Does anyone else get they feeling "they are loading the boat" with
> > > > this type
> > > > > of choppy trading?
> > > > > don ewers
> > > > >
> > > > > ----- Original Message -----
> > > > > From: <tobtrade@xxxx>
> > > > > To: <AdvancedGET@xxxx>
> > > > > Sent: Thursday, August 09, 2001 4:33 PM
> > > > > Subject: [AdvancedGET] Re: targets for naz and dow
> > > > >
> > > > >
> > > > > Which is close to 1841, which is the Gann 2/8 division of the
range
> > > > from Jan
> > > > > 95 low of 745 to the March 2000 high at 5138. The 2/8 line is
> > > > usually
> > > > > a major area of support for a downward slide...
> > > > >
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "Lee Morris" <LMorris@xxxx>
> > > > > To: <AdvancedGET@xxxx>
> > > > > Sent: Thursday, August 09, 2001 10:10 AM
> > > > > Subject: [AdvancedGET] RE: targets for naz and dow
> > > > >
> > > > >
> > > > > Here is my 2 cents, we will bottom on Monday at 1845 which is 90
> > > > days past
> > > > > the 4/4 low and I think Friday is 55 days from the high, this
> > > > correction has
> > > > > been a double zig-zag and the 2nd ZZ will be .62 of the 1st at
> > > > 1845. There
> > > > > is a 4x1 Gann line from the 4/4 low, further this will be a 9 and
> > > > 18 month
> > > > > cycle low and it feels like the right distance after taking out
all
> > > > the
> > > > > stops sitting under 1935, it also is the bottom of a linear
> > > > regression
> > > > > channel from the hi on 5/22 and sits on a trend line from 4/00
> > > > lows, just my
> > > > > thoughts, I may be wrong
> > > > >
> > > > > ps. for the dow the bottom should be 9955-9962 but may stop just
> > > > over 10,000
> > > > >
> > > > > also consider:
> > > > > 45 tds from June high
> > > > > 139 tds from Jan high (close to 135)
> > > > > 270 tds from July00 high
> > > > > 360 tds from March00 high !!!!
> > > >
> > > >
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> > > >
> >
> >
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