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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (194)	4/19/2001 12:31:33 PM
From: pater tenebrarum	Read Replies (3) of 209892

i agree...eventually the NYA could see a new high, and even the Dow might. Prechter has two alternate counts for the Dow, the bullish one regards the 2 year 'diamond' as primary four, with primary five of the bull market still ahead. even the bearish one targets 11,400 (as the high of wave 2 if i understood it correctly). however, i've always been more comfortable with the entire rally from '98 as an irregular B wave...how else do you count the SPX from the '98 low? btw, Elliott himself regarded the Dow top of '29 as the top of an irregular B, he always dated the 'orthodox top' back to '28.

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