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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (2880)10/31/2000 10:26:40 PM
From: IndexTrader  Read Replies (2) of 33421
 
Hi John,
Yes, that comparison to 66-82 did work out. That too was a large 4th wave correction, though of a much higher degree (according to Prechter, anyway).
Now, if this one month = one year fractal continues to unfold, that takes us to March/April. Then if the similarity continues, we should have an 87 type affair. That would be in line with Carl's 5th Wave Ending Diagonal.
I hope the scenario works out and this rally continues into the new year. I am holding onto cash, just waiting for the shorting opp of a lifetime.
Susan
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