down almost 6 percent in new york, page-21

mongombolo

Ahhhhhh, Tiny Tim [hehehe - alias Gregory Peck] & Amanda [alias Audrey Hepburn] double-dinking around Roma & the Vatican; bellisamo!

Re; "Are we still riding the Elliott Wave?".

Atm 90-132 day EWs are bullish [projecting a Wave5 rise to between $52.37 & $56.34 by Aug20]; in contrast 55-88 day EWs are bearish [projecting a Wave5 fall to between $31 & $34.13 by Sept17] & 26-47 day EWs project a smaller fall to ~$34.

IMO also of great TA interest pattern wise:
. H&S pattern appears well-established [projection ~$33.50?] but trend line for resistance highs has been broken & may have ended the H&S downtrend!
. A bottoms H&S may now be forming - July18 left shoulder, July 25 head with a very bullish neckline on July 23 / Jul31. The drop we expect on Monday may become the right shoulder! It projects a return to ~$45.60.
. Then again, Aug16 2007 & Jan22 2008 were double bottoms => Up to $64.38?
. The Tubbs Swing rule based on Oct18, Jan22 & May16 => rise to $66.76!
. Slow Stochastic 50:30 says 'Oversold' with a 'buy signal' that will likely disappear if there is a selloff without bounce back on Monday.

Then there's the Greenspan factor, the media frenzy to lower rates, 30day Interbank rates just plunged, Costello could be back & the RBA meets Tuesday & reports say GS will not admit to having smashed the economy & still without killing the inflation dragon! Wow!

Talk about having your cake & eating it too! Ahhhmazinck!

4YIO - NFA