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<FONT face=Tahoma
size=2>-----Original Message-----From: M. Simms
[mailto:prosys@xxxxxxxxxxxxxxxx]Sent: Thursday, December 06, 2001
3:01 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: WAVES -
was RE: [RT] Jon88keys!Speaking of
WAVES......does anyone with AGet know if it has "thrown in the towel" on
numbering thislatest move-up as Wave #4 out of 5 down ?I believe all
indications are that #4 was really #5 and that we are in #1 of5 -
up.> -----Original Message-----> From: Ralph Volpe
[mailto:rjv@xxxxxxxxxx]> Sent: Thursday, December 06, 2001 2:11
PM> To: realtraders@xxxxxxxxxxxxxxx> Subject: Re: [RT]
Jon88keys!>>> Jon88, thanks for your response. I agree
with you, the market> moves in waves and> there's no sure
methodology to predict a move; however, the waves> we speak of>
very often have a bias in intensity one way or another. It is my>
opinion, based> on an assessment of economic fundamentals and>
reaction/counter-reaction market> movements, this market is hurting --
and the hurt will be felt> shortly on the>
downside.>> Ralph>> jon88keys@xxxxxxx
wrote:>> > In a message dated 12/6/2001 1:39:36 PM Eastern
Standard Time,> rjv@xxxxxxxxxx> > writes:>
>> > << Dorothy, are you still out there? Some time ago I
posted long-term> > charts of the NASD and INDU with my
analysis that this market> was in for> > a nice rise.
Well, I think this rise should end by Monday of next week.> >
My question to you, Dorothy, and others, do you share my view on the>
> vulnerability of this market or should we succumb to the>
'talking heads'> > again with their exuberance for a
rebound?> > >>> >> > I'm not
Dorothy, but the Dow has been in overbought territory> for some
time> > now. I would expect at least a correction pretty soon.
A> correction would be> > healthy, even. But we're just
surfers riding the wave and> moving our stops.> > I have no
problem with the market moving to infinity, either :).> >>
> But answering your question: sure the market's vulnerable.>
But the market's> > always vulnerable (hence the word "market" as
opposed to "sure thing").> >> > Kowobunga dudes (and
dudettes),> >> > Jonathan>
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