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Lenny
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The
biggest problem with this being 3 of 3 is the huge momentum divergences at the
lows (at least on the daily chart). Good to see somebody using percentages
instead of points in coming up with Fib targets as well!
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The
fun part is to try and figure out if:
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(1) Is
it three of three with us currently in a 4th wave
(2) Is
this the start of wave-B of a flat
(3) Is
A-B-C complete and do we then go to new highs
(4) Is
A-B-C complete and then we enter an X-wave
(5) Or
was the momentum low actually the end of wave-3 and the recent lows the end of
wave-5 of wave-A of a zig-zag?
---Steven W. Poser, PresidentPoser Global Market
Strategies Inc.<A href="http://www.poserglobal.com/";
target=_blank>http://www.poserglobal.comswp@xxxxxxxxxxxxxxxTel:
201-995-0845Fax: 201-995-0846
<FONT face=Tahoma
size=2>-----Original Message-----From: rosow@xxxxxxx
[mailto:rosow@xxxxxxx]Sent: Wednesday, January 17, 2001 1:01
AMTo: realtraders@xxxxxxxxxxxSubject: Re: [RT]
NAZNeal,
Attached is a Weekly NASDAQ chart with my current E-wave
count. The only thing I'm skeptical about is that Wave 3 may not be
completed and where I have marked Wave 3 could be Wave 3:3. It's exactly
the 261.8% extension of Wave 1 which is quite normal for a 3. Whether it's
a completed ABC correction or a completed Wave 3 or a completed Wave 3:3
all roads point to the North for now. More clues will be had if this thing
can reach the 2900-3000 area. A close below 2335 and better yet below the
current low @ 2251 will negate all of the above. Lenny To
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