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Don,
How do you count the internals of wave "1" ? Looks like
an "ABC" to me. Your chart and an expanded daily attached.
BTW, John, even though the SPX is at the bottom of a potential
wedge, I'll just wait for a buy signal. All A/D systems I have
are still short.
BW
--- In realtraders@xxxx, "Don Ewers" <dbewers@xxxx> wrote:
> John,
> Here is what I am "watching":
> The charts show a "smaller view", then a "blowup view" of a possible retrace
> to an old median line if we go below prices today (pit only). If so we may
> be headed to the blowup view around 888 + or -? Below that . . .?
>
> Smaller view sees some confluence between a "median line set" and a
> "parallel line set" and just below a internal wave "count" extension (the
> MOB off the 9-21 is shown below). The larger view shows again a MOB level
> off the 9-21 low and more importantly a much older upper median line set off
> the high. The question becomes is this a test of the down trendline (upper
> median line dark blue set) if todays lows cave "pit time" and then a reflex
> rally or . . .well you know?
> don ewers
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxx>
> To: <realtraders@xxxx>
> Cc: <MedianLine@xxxx>
> Sent: Wednesday, July 10, 2002 6:16 PM
> Subject: [RT] Prognosticators Anomymous
>
>
> >
> > After observing the down trend over the last 3 and 1/2 months, I
> > noted that the day after each new yearly S&P low there occurred a
> > spike the next day that recaptured [at least for a time] a major part
> > of the drop. Based upon this limited "study" I am looking for the
> > same bounce tomorrow.I already made my long committment.
> >
> > I would be interested in the forecast by Sailors, fibers, pivoters ,
> > S&R er's, pitchforkers, Hurst-Fouriers and whoever else would like to
> > have fun and participate in this guesstimate of what will happen
> > tomorrow.
> >
> > Hope some of you can find the time to participate.
> >
> > Sincerely,
> >
> > John
> >
> >
> > To unsubscribe from this group, send an email
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