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your
reminder that w4 time target is .38 of w3 made me look at the bigger picture.
Just quickly I went on a monthly from 7/94 to 3/00 -68 months x .38 =26 months
would target 4/02 if this is a huge w4. just a thought... we have a huge osc
with no diververgence are still in wave channels, have not violated w1, of
course PTI sucks on naz, so maybe we just double top in 2008-10 to end the
huge wave. would be interested what the pti is on the dow (my data does not go
back far enough)
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Thursday, November 08, 2001
7:45 PMTo: Real TradersSubject: [RT] More on
BondsHere are the two 60min senarios I am looking at
(FWIW the 60min chart isfrom 9-20-01 on thedaily (shown) or minor wave
5 of wave 3 on the daily).1. We are in wave 5 and this is a
minor wave 4 of wave 5 and it pulled backto the 50% of minor w2
tow3. From here it double tops, or moves to the area of 113-01 (the
1.618expansion) andthe MOB shown?2. A wave 3 has been
completed and we are in a wave 4 and it is unfolding inan ABC pattern (we
are in the wave C now) whichwill allow wave 4 to meet the normal time
frame (.382 of wave 3).Interestingly the low PTI of 19 could be saying
that that it was wave4:B (not a wave 5) and it would either double top or
be a failed 5th thatturns into a wave 4:B? Never thought of it that way
but it makes sense.Daily and Weekly's:The daily chart (is from
5-18-01 or wave 5 on the weekly) is clearlyin a wave 3 and a wave 4 could
happen, notice we are we are already above a2.618expansion which
according to AGEt only happens 8% of the time.The weekly shows a top
may be in (there are 5 waves in, the wave 5 targetrange has been met, a
MOB has been hit) or we get another surge laterafter the wave 3 daily
corrects in a wave 4?Just what I am looking at at this time.
Thoughts anyone? If you listen toCNBC commentators, bonds are toast
from here?FWIW there was a very nice 60min reversal on the bonds today
for anyone thatsaw it (there was also one on the 60min SP).I still
think the 60min chart will tell the tale on the bonds?don
ewersTo
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