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Price and Time both at 0.618
Steve
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Don
Ewers
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, December 06, 2001 4:50
PM
Subject: Re: WAVES - was RE: [RT]
Jon88keys!
Just noticed the S&P cash high on the weekly so far
(1173.62) came almost tothe .382 retracement (1176) off of the high (full
retracements shown on thefar right of the chart), an interesting number
when you also tie the 200dayMA (1176.36) on the daily into approximately
the same level.Not shown but from the wave 4 high to the wave 5 low a
.618 retracement is1174.92.So there is some confluence in here and
an interesting place for the marketto at least pause (albeit maybe only
for a moment with the employment reporttomorrow)?Still think a
further move up will "really" get any short nervious too?don
ewers----- Original Message -----From: "Don Ewers"
<dbewers@xxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, December 06, 2001 3:31
PMSubject: Re: WAVES - was RE: [RT] Jon88keys!> I forgot to
mention the "PTI on the first daily chart of 3 (red number)".>>
It has had a reading below the "required 34" since 10-3-01, (when it
went> from 37 to 28) which has said that the probability any evential
wave 5down> (should it occur) would be a double bottom at best or
at worst a failed5th> wave (meaning it just keeps going up), which
is in fact what has occured.So> very early warning was given there
plus the count on the wwekly chartbeing> 5 wave
complete.>> The point I try to make to those that get too caught
up in count changesis> who cares if you are on the right side of
the market? Example, the charts> sent before has the first one in
a wave 4 rally up, which turn out to be a> 1-2-3 rally up, either way
you would be long. Once the wave 3 expends> itself and a wave 4
correction starts on the second chart, does it matter> wether it is a
wave 4 correction, a wave B, no, you are on the right sideof> the
market?> don ewers>> ----- Original Message ----->
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Thursday, December 06, 2001
3:03 PM> Subject: Re: WAVES - was RE: [RT]
Jon88keys!>>> > (with charts, sorry)>
>> > M. Simms> > You must be psychic, the count changed
on the daily S&P cash on 12-4-01> > (first chart) from a 1-2-3-4
(down) to on 12-5-01 (second chart) to an> A-B-C> > (down)
and 1-2-3 (up), since as you said the wave 4 retraced too far.>
>> > Of further interest is the 200 MA, the brown line on the
chart?> >> > Since I have been using the weekly as my
primary "roadmap" which already> had> > 5 waves at the lows
(third chart) in which many fib targets were met),> some> >
have been anticipating this change in count on the daily to result
and> are> > looking at the wave 4 daily to evolve in an large
ABC patterneventually?> > Perhaps the new wave 4 daily (or wave
B?) could be the pullback many are> > expecting too?> >
don ewers> >> > ----- Original Message -----> >
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>> > To:
<realtraders@xxxxxxxxxxxxxxx>> > Sent: Thursday, December 06,
2001 2:00 PM> > Subject: WAVES - was RE: [RT] Jon88keys!>
>> >> > > Speaking of WAVES......> > >
does anyone with AGet know if it has "thrown in the towel"
onnumbering> > this> > > latest 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> > of> > > 5 -
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> > > >
>> > > >> > > >> > >
>> > > > To unsubscribe from this group, send an email
to:> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx>
> > >> > > >> > > >> > >
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>> > >> > >> > >> > >
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