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Speaking of WAVES......
does anyone with AGet know if it has "thrown in the towel" on numbering this
latest move-up as Wave #4 out of 5 down ?
I believe all indications are that #4 was really #5 and that we are in #1 of
5 - up.
> -----Original Message-----
> From: Ralph Volpe [mailto:rjv@xxxxxxxxxx]
> Sent: Thursday, December 06, 2001 2:11 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Jon88keys!
>
>
> Jon88, thanks for your response. I agree with you, the market
> moves in waves and
> there's no sure methodology to predict a move; however, the waves
> we speak of
> very often have a bias in intensity one way or another. It is my
> opinion, based
> on an assessment of economic fundamentals and
> reaction/counter-reaction market
> movements, this market is hurting -- and the hurt will be felt
> shortly on the
> downside.
>
> Ralph
>
> jon88keys@xxxxxxx wrote:
>
> > In a message dated 12/6/2001 1:39:36 PM Eastern Standard Time,
> rjv@xxxxxxxxxx
> > writes:
> >
> > << Dorothy, are you still out there? Some time ago I posted long-term
> > charts of the NASD and INDU with my analysis that this market
> was in for
> > a nice rise. Well, I think this rise should end by Monday of next week.
> > My question to you, Dorothy, and others, do you share my view on the
> > vulnerability of this market or should we succumb to the
> 'talking heads'
> > again with their exuberance for a rebound?
> > >>
> >
> > I'm not Dorothy, but the Dow has been in overbought territory
> for some time
> > now. I would expect at least a correction pretty soon. A
> correction would be
> > healthy, even. But we're just surfers riding the wave and
> moving our stops.
> > I have no problem with the market moving to infinity, either :).
> >
> > But answering your question: sure the market's vulnerable.
> But the market's
> > always vulnerable (hence the word "market" as opposed to "sure thing").
> >
> > Kowobunga dudes (and dudettes),
> >
> > Jonathan
> >
>
>
>
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