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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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To: gem-x who started this subject11/14/2001 1:20:53 PM
From: gem-x   of 2290
 
Possible scenarios this week:

Right now the NASDAQ is correcting what is possibly wave 3 of wave 5's wave 1, the move from 1783 to 1922.

.382 retrace is 1868, .500 is 1853. .618 is 1835

If the NASDAQ breaks 1835, than the wave 2 correction is on it's way, to 1647/1657, but if it holds and breaks 1922, the next two-three weeks could see highs of 2180 and higher.
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