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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who started this subject8/24/2001 2:56:06 PM
From: gem-x  Read Replies (2) of 52237
 
NASDAQ 3782 by March '02

This is a complex double zigzag corrective wave, which would be labeled as A-B-C-X-A-B-C. The first zigzag would be identified as 2328 to 2077 (wave a), 2077 to 2264 (wave b), 2264 to 1973.70 (Wave C), wave X is the connecting wave, which would be 1973.70 to 2180, than the second zigzag of the double zigzag would be identified as 2180 to 1934 (Wave A), 1934 to 2105 (Wave B)...wave A was 246 points, and due to Wave C's in zigzags being equal length to wave A, than Wave C should be 2105 to 1859 or 1818 (equal length to wave 3 down).

After this formation completes. the rally that follows should be at least equal length to wave 1 (705+ points) or 1.618 X (1150+) on the MASDAQ.

Looking further out:
The fifth wave could be extended and take the NASDAQ to 3782 next year (a .618 retrace of 5120 to 1619), which could translate into a mini speculative bubble part 2, or a more gradual longer bull market, which would be a supercycle wave 3.
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