Re: [RT] sp500 update and the vix

["EAdamy" <eadamy@xxxxxxxxxxxx>]

Could be another pattern, however the overlaps kill the 5th wave for me ... unless we just completed W.2.3. The condition of NASDAQ paints that one into the very doubtful column for me. Plus my breadth models are pointing south ... for now. Bottom line, I agree on very critical juncture.

 

 

----- Original Message -----

From: Mark Simms

To: realtraders@xxxxxxxxxxxxxxx

Sent: Sunday, March 13, 2005 7:30 PM

Subject: RE: [RT] sp500 update and the vix

My take: Super-critical juncture....
I see a 5th Elliot wave up as the current "wave".

We are at the bottom of the up-channel....so....very little downside can be
tolerated for the
5th wave to be still ALIVE.

What could keep it alive ?
- oil prices drop
- interest rates drop
- US dollar rally's
- 2 happen
- all happen

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