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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (29413)9/10/2000 7:29:42 PM
From: Stcgg  Read Replies (2) of 42787
 
Double Top Deja Vu a la Nasdaq -

Similar to the March tops, we see another double top formed from July 17th and Sept 1st on the Naz.. From the March double top, the index sunk ~2000 points in a Wave 3 decline, labeled (W3 of W1 down in a new bear market).. Now we are peering into the abyss on a W3 of W3.. This 3rd of 3rd could sink the index to ~2150 area, followed by another abc correction which could serve as the XMas rally, though not to exceed 3500.. From there the final 5th wave down is expected close to the new year 2001, where I see the index back in the 1700 area of 2 years ago..

It's important to appreciate the fact that this 3rd wave will be the strongest of all elliott waves, and due to it's fast and furious behavior is also known as the Crash Wave..

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