See SwingMachine results on the attached.
----- Original Message -----
Sent: Thursday, October 06, 2005 07:11
AM
Subject: [RT] Spx Daily
S&P 500 daily with hand EW counts. We are now at/close to levels
where market should show its true colors. Either this is a correction and
decline will complete at W.c.C target or move will accelerate (within a couple
of days) into the W.3.3 target signaling that a decline of at least
intermediate strength is underway. I suspect that the speed with which it
sliced through the LT support line is telling us it will be (at minimum) an
intermediate decline.
That said, odds suggest that the easy money on the downside has been made
for the moment. I covered my short at 1201 and will re-short on
retracement.
Earl
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