Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shaw who wrote (2515)	5/22/2001 12:26:17 AM
From: Shack	Read Replies (1) of 5144

Well Shaw, I am not really sure where we stop. Allan thinks around 2430, I think this thing could top out about 100 points above that. Fib targets are nice but its the structure that matters. After the next little down, I know that we still have another leg up which will likely have a 5 wave structure. If it is the same length as the 1st wave then Allan has it nailed at 2430. I do not think it happens by Thursday. At that point, the favoured Elliot scenario for the COMPQ is that we should get an impulsive down which will last for a long time and grind lower for months eventually taking us to triple digits by some counts. I think the 1998 lows at least, 1300-1400.

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