All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (11242)	2/20/2000 5:40:00 PM
From: pater tenebrarum	Read Replies (1) of 42523

20% is but a dip in my book. that should be the size of the final down day...20-30%. apart from his reference to cycles (which i don't understand without a more detailed explanation) i agree with his observations. there is no cash left to put a floor under this market if it tanks. if this is only a correction, the NAZ should fall no further than 3,400-3,500. however in a crash i'm targeting 2,000 or lower. i don't think the SPX will be at 1,100 then. 800-900 seems more likely in that case...maybe even lower. there's btw. an interesting debate going on between the e-wavers. some think we're going into wave 4 on the NAZ (3,500 target) followed by a final wave 5 rally, others insist 5 is complete already. i guess we'll find out soon who's right.

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