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<DIV><FONT color=#000000 size=2>What do all these abbreviations mean? I
assume that sma means simple moving average.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Lionel</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>A.J. Maas <<A
href="mailto:anthmaas@xxxxxx";>anthmaas@xxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Cc:
</B>rijt, wil v.d. <<A
href="mailto:wil.rijt@xxxxxx";>wil.rijt@xxxxxx</A>><BR><B>Date:
</B>Thursday, November 12, 1998 7:37 PM<BR><B>Subject: </B>Re: Question from
a newcome - Fw: LET OP DOW ELWAVE<BR><BR></DIV></FONT>
<DIV>Note for the Dow the Bull Traps</DIV>
<DIV>-Tripple Top Bearish Pattern(IMT)</DIV>
<DIV>-Reversal Head+Shoulders Bearish(IMT)</DIV>
<DIV>-Reversal Head+Shoulders Bullish(ST)</DIV>
<DIV>-Rising Wedge in a DownTrend(VST)</DIV>
<DIV>-Unfinished A,B,C Correction(IMT)</DIV>
<DIV>-A bound to fail Pull Back after Fallout from 97-98 IMT UpTrend
Channel(ST)</DIV>
<DIV> (Channel's Rising Wedge in an UpTrend)</DIV>
<DIV>-SMA daily 50-200 and 150-200 Dead Crossings(ST+IMT)</DIV>
<DIV> ( SMA's 50 and 150 currently resides below
SMA200 ) </DIV>
<DIV>
<DIV>-SMA monthly 10-30 Dead Crossing(ST+IMT)</DIV>
<DIV> ( SMA 10 currently resides below SMA 30
)</DIV>
<DIV>-Divergences Through "DOW Theory"(ST+IMT)</DIV>
<DIV>-Divergences on CMO,RSI etc on daily,weekly+monthly
basis(VST+ST+IMT)</DIV>
<DIV>etc. etc.</DIV>
<DIV> </DIV>
<DIV>Note too, that the at the top of the chart " circled Primary 1
" is probably not correct, as the</DIV>
<DIV>for this chart used Historical Data was way too short, for this count
to be correct.</DIV>
<DIV>The IMT " (5) " is correct being the top of the Intermediate
Term, the minute " i, ii, iii, iv, v "</DIV>
<DIV>are correct ST impulsive waves to the downside, with the " v
" not clearly showing up, but</DIV>
<DIV>that then is due to his Win95 program missing out on a correct font(s).
</DIV>
<DIV>The minuettes a,b,c, for the Very Short Term counts are correct.</DIV>
<DIV>The Boxed " 2 " is an 'unfinished' minor wave as yet.</DIV>
<DIV> </DIV>
<DIV>The red lines on the right, with the decimal figures are
retracements(in this according</DIV>
<DIV>to the in the EWaves used Fibionacy figures for retracements
percentages and finaly</DIV>
<DIV>by a program being displayed and also very well, rounded to the top ).
As you can see</DIV>
<DIV>of not much use as any percentage could get hit. More important here,
is then to look</DIV>
<DIV>at the huge 6 months support received at the left side.</DIV>
<DIV>Also the 7400 level is a full 100% correction of the previous UpTrend
length, eg since</DIV>
<DIV>its breakout last Dec97, and as such not so very common, 50%
Corrections of a</DIV>
<DIV>Trend's Length for any UpTrend to be able to continue, let alone go Up,
are more common.</DIV>
<DIV>(or as the10,15,25,40,50,60,75% retracements are the most frequently
appearing and</DIV>
<DIV>also recorded technical corrections retracements levels, measured from
the last Top).</DIV>
<DIV>That is for the VST. For the ST a retracement measured from the Last
Top+Low should</DIV>
<DIV>be used and a 50 % tech correction would then be 8149
((9323-6975*0.5)+6975).</DIV>
<DIV>This is why the market reacted on Wave 1 as if it was to be oversold,
and has started</DIV>
<DIV>a counter up wave 2. </DIV>
<DIV>This Wave 2 is still sort of in process, however it is also a Wave 2 in
a Downtrend, also</DIV>
<DIV>a Diagonal Triangle (or a Rising Wedge in the DownTrend).</DIV>
<DIV>From a fallout from this Diagonal Triangle, downbreaking its rising
support line, then by</DIV>
<DIV>measuring this pattern hight on the day it started developing, on
981008 a hight H=1000</DIV>
<DIV>can be calculated (8468-7468).</DIV>
<DIV>From yesterday's signaled fallout (981112 fallout level 8885) a for the
VST future target</DIV>
<DIV>of 7885 can be calculated and creates Wave 3.</DIV>
<DIV>A further look in the future outcomes will then be decided by this
level giving support enough</DIV>
<DIV>for it to hold, or to continue with the 4 months old DownTrend.</DIV>
<DIV>A further lower level of 6800(previous minor Support&Resistance in
1997) can then provide</DIV>
<DIV>enough delay for the Price to reagain its strenght, and if that level
also doesn't hold then</DIV>
<DIV>the UpTrend since start in 1994-5 will be "50%" corrected
with a Trends' end around 5800.</DIV>
<DIV>Once this IMT correction period is over, then the three (a),(b),(c)
Waves will have been set.</DIV>
<DIV>As such the " Rounded 1 " at the top of the chart
should be read as " Rounded 5 ", and</DIV>
<DIV>this includes that for the Primary Waves an A of the A,B,C is
developing, which includes the</DIV>
<DIV>the smaller ones.</DIV>
<DIV>Note as well that an Irregular Bullish Reversal Head+Shoulders, a
broadening bottom pattern</DIV>
<DIV>formation, is now also under construction, and when the above 7800
level will hold as support,</DIV>
<DIV>will imply a return to the former Tops High. This will well be in the
next year, but is no guarantee</DIV>
<DIV>that the former Long Term UpTrend, started in 1994-5, will be
continued.</DIV>
<DIV>The Horizontal Trade Zones, eg the double tiled horizontaly Sideways
Trend Channels with as</DIV>
<DIV>their borders 9200, 8400 and 7600 are the for the moment Support &
Resistance levels.</DIV>
<DIV>Any breach of these levels will force to do Channeling again.</DIV>
<DIV> </DIV>
<DIV><FONT size=2>
<DIV><FONT size=3>Regards,</FONT></DIV>
<DIV><FONT size=3>Ton Maas</FONT></FONT> </DIV></DIV>
<DIV> </DIV></DIV>
<DIV> </DIV>
<DIV>
<DIV align=left><IMG align=baseline
src="cid:00f401be0ec7$353fb180$4ef2fea9@xxxxxx";> </DIV>
<DIV> </DIV>
<DIV></DIV><IMG align=baseline
src="cid:00f701be0ec7$353fb180$4ef2fea9@xxxxxx";>
<DIV> </DIV>
<DIV></DIV>
<DIV><FONT size=2>Chart 1 - Elliott Wave Degrees Table (Labling the Waves
Distributions)</FONT></DIV>
<DIV><FONT size=2>Chart 2 - A Triangle of which, when mirrored, a bearish
version currently was developing </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Targets for wave 2<BR>Wave 2 minimally retraces 38.2% and
mostly 61.8% or more of wave 1. It often<BR>stops at subwave 4 and more
often at subwave 2 of previous wave 1. A retrace<BR>of more than 76% is
highly suspicious, although it doesn’t break any rules
yet.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Targets for wave A<BR>After a Triangle in a fifth wave,
wave A retraces to wave 2 of the Triangle<BR>of previous wave 5. When wave A
is part of a Triangle, B or 4 it often retraces<BR>38.2% of the complete
previous 5 wave (so not only the fifth of the fifth)<BR>into the territory
of the previous 4th wave. In a Zigzag it often retraces<BR>61.8% of the
fifth wave.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Targets for wave B<BR>In a Zigzag wave B mostly retraces
38.2% or 61.8% of wave A. In a Flat, it<BR>is approximately equal to wave A.
In an Expanded Flat, it usually will travel<BR>a distance of 138.2% of wave
A.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Targets for wave C<BR>Wave C minimally has a length of
61.8% of wave A. It could be shorter in which<BR>case it normally is a
failure, which foretells an acceleration in the
opposite<BR>direction.<BR>Generally wave C is equal to wave A or travels a
distance of 161.8% of wave A.<BR>Wave C often reaches 161.8% of the length
of wave A in an Expanded Flat.<BR>In a contracting Triangle wave C often is
61.8% of wave A.</FONT> </DIV></DIV>
<DIV> </DIV>
<DIV></DIV>
<DIV> </DIV>
<DIV>----- Original Message -----
<DIV>From: Tommaso Galanti <<A
href="mailto:galantit@xxxxxx";>galantit@xxxxxx</A>></DIV>
<DIV>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></DIV>
<DIV>Sent: donderdag 12 november 1998 0:44</DIV>
<DIV>Subject: Re: Question from a newcome - Fw: LET OP DOW
ELWAVE</DIV></DIV>
<DIV><BR></DIV>>Ton,<BR>>would you be so kind to explain some of these
points of view?<BR>>Thanks and best regards<BR>><BR>>Tommaso
Galanti<BR>>Italy<BR>><BR>>A.J. Maas wrote:<BR>>> Find
attached an simple ELWAVE analysis chart as an example,<BR>>> that I
received today.<BR>>> I find it very effective to see the market from
lots of different angles as<BR>>> the one can then confirm the
other.<BR>>.... <snip><snip> ....<BR>>>
Regards,<BR>>> Ton Maas<BR>>> <A
href="mailto:ms-irb@xxxxxx";>ms-irb@xxxxxx</A> </BLOCKQUOTE></BODY></HTML>
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