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<FONT face=Tahoma
size=2>-----Original Message-----From: Lee Morris
[mailto:LMorris@xxxxxxxxxx]Sent: Tuesday, November 13, 2001 8:17
PMTo: gannsghost@xxxxxxxxxxxxxxxSubject: RE: [gannsghost]
new low?
I have
had the same issue regarding the "missing" w4. The attached snp weekly counts
well with 5/35 pulling to zero for w4 of w3. 5/35 just now getting close
to zero, elipise about to hit. This would be a strong trade if 5/35 goes to zero
and 10/70 stays over strengh bands and even stronger if we get an xtl reversal.
The other poss. is that the 9/21 low was the end of wave A and we will trace out
a 3 wave up towards 1320 followed by a final C wave to new lows or the
retest. and the second chart shows a setup for a stoc sell
<FONT face=Tahoma
size=2>-----Original Message-----From: jseaton357@xxxxxxx
[mailto:jseaton357@xxxxxxx]Sent: Tuesday, November 13, 2001 9:33
AMTo: gannsghost@xxxxxxxxxxxxxxxSubject: [gannsghost]
new low?In a
message dated 11/13/01 9:10:20 AM Eastern Standard Time,
gannsghost@xxxxxxxxxxxxxxx writes:
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"
TYPE="CITE">If the current "A" wave is to be a five I would estimate that we
are in the early stages of wave 3 of that five. Wave 1 carried the
market from 945 to 1107 (cash remember!)(162 points up!).
It could be possible that this entire rally from 944.75
is wave 4 and then one last wave 5 down. Wave 4's are usually deep and
trick everyone into thinking downtrend is over. It is tricky b/c due to
the panic selling perhaps wave 4 never showed up and so we saw 3,4,5 from
beginning of Aug C of 2 top and maybe mkt put in final low there. I can
find good reason why it could be low but mkt has still not proven bear is over
so I have to remain open minded to new low or maybe just a secondary low that
will be a truncated 5th wave (fails to make new low). I've said if we do
break the low that 900 should stop the decline. It seems pretty obvious
that it would take another great news event for us to break the low and go to
900.-Jason To unsubscribe from this group, send an
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