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Strategies & Market Trends : Ask DrBob

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To: SHAWING who wrote (20169)	1/11/2001 2:09:50 PM
From: xtahce	of 100058

Shawing you might like to read an older interview of Don's: March 17, 1999 NewsMaker Interview Top Market Timer Don Wolanchuk Is Back! Now, He's Calling For $20 Crude Oil And DJIA 16,600 Wolanchuk: You've got to be long on the S&P. The Dow's going up to 16,660. That's 1.38 times the last big 5-wave movement. That's a minimum expectation... Wolanchuk: The first wave started 1932 and ended in 1986. That was a period where we saw a monster move. SH: So we see a monster 5th wave from wherever the ultimate 4th wave ends - Dow Jones at 40,000 to 60,000 or something like that? Wolanchuk: First you've got to find the peak of the 3rd wave. Since we haven't even gone into the center of the 3rd wave yet, I imagine we'll be up around 40 to 50 to 60,000 for the huge 5th wave movement. SH: Will we all become millionaires, or will our money be worthless? Wolanchuk: No. No. No. Most people are morons when it comes to the stock market. They don't know how to make money in the stock market. I can prove it. Just ask most players if they are happy with this bull market. Nobody knows how to make money in a bull market. The only way you make money in a bull market? It's simple: You buy a stock with a great story and then you get thrown in solitary confinement for 20 years. And then you come out a millionaire. A multimillionaire. You hear the stories - "If I'd only held on." stockhouse.com

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