Re: [RT] S&P Longterm

[profitok <profitok@xxxxxxxxxxxxx>]

This is the BIGGEST  problem with adv. 
get
When you look at daily,, weekly and monthly  
they  ALL should be labeled the same(at the same date,,  but they are 
not!
don't get me wrong,, it is still a great 
tool,,  but 4 people look at the same daily chart with the auto  wave 
count will have 3-4  different opinions!
be careful Monday
Ben
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ralph Volpe 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Sunday, September 30, 2001 9:52 
  PM
  Subject: Re: [RT] S&P Longterm
  Lenny, I disagree somewhat with you analysis. First, if you 
  look at the chart I've attached you'll see that your sub wave 2 is one I 
  designate as the top, or major wave 5. Our differences may be due to the time 
  frames we are viewing: you're using a weekly chart and I'm using monthly bars. 
  Also, I designate the recent drop as A and I'm expecting a B will follow, 
  which I think will reach 1180 and not the 1050 - 1080 you think. My target 
  works out well since it is 61.8% of the drop and also stikes the upsloping 
  support line that was broken in Sept. As I'm writing this, I just heard news 
  report on radio from the BBC saying that the Northern Alliance is reporting 
  massive defections of the Taliban troops. Of course this could be 
  disinformaton, but I'm sure they'll be independant reports of this shortly. 
  Also, they are saying that a major field commander defected who has vital info 
  as to where bin Laden is. If this news is true and is validated during 
  tomorrow's market session, I think there is going to be a nice pop that's 
  going to propel the market higher. Keep in mind, if this is really occurring, 
  it's even before the American military component has entered the fray. 
    
  Ralph     
  rosow@xxxxxxx wrote: 
  <FONT 
    size=-1>All, <FONT 
    size=-1>   I'm looking at 1050 as minor resistance and 1080ish as 
    major resistance on the S&P cash. What happens around these areas will 
    clue me in to whether September's low was a wave 5 or a 3:5. 
    <FONT 
  size=-1>LennyTo 
  unsubscribe from this group, send an email 
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