John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Dan Duchardt who wrote (4311)	7/19/2001 1:19:04 AM
From: Moominoid	of 33421

I now have a scenario for the next few months based on Elliott Wave, and my own (time series) TA method as well as macro events. I think the USD will start to turn soon and foreign investors might start pulling out some bucks by say September. This will coincide with the next warnings season. In the meantime with earnings coming to a close soon and Greenspan promising more cuts the way for the markets is up (this is C of B of the main NASDAQ crash in the EW scenario). The top could be circa 2500. I think the eventual NASDAQ bottom will be around 1000 which would give a normal rate of return since 1994 of about 12.5%. David

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