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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (2665)3/12/2001 5:10:00 PM
From: Paul Shread  Read Replies (1) of 52237
 
Phase 1 was 5132-3042, or 41%. Phase 2 was 4289-2251, or 47.5%, but notice that it duplicated Phase 1 in points. If phase 3 is going to be a 41-47% drop from the 2892 peak, that gives us a target of 1518-1807 (1800 is probably next strong support, FWIW). However, if Phase 3 duplicates the previous two moves in points, we've just entered the next great depression...

Was talking the three phases of a bear market, not wave counts from the Sept. 1 peak, although that's probably worth a look too.
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