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Re: Dances-W-waves post# 279209

Tuesday, 08/03/2004 4:23:35 PM

Tuesday, August 03, 2004 4:23:35 PM

Post# of 704047
Stow, This is the normal market bottoming process, the market puts in a Momentum bottom, rallies a few days, then the market goes to a lower low (or double bottom) while the Momentum Oscillators go to a higher low, giving a bullish Rising Bottoms pattern, which leads to a better rally, on the next upmove.

Zeev's target date of September 14th looks like a good, potential top target to me, after that the market may see lower lows (I expect it will).


Jim

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