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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (16950)	12/5/2001 9:20:11 PM
From: velociraptor_	Read Replies (2) of 19633

Tom, FWIW, I covered nothing today myself and continue to add short. Tops on the Nasdaq is at 2093 at the most. 1875 for the end of the year will be very optimistic. I have us in wave C of 4 and C=A at 2093. Plus, 5 waves up are nearly complete in an ending diagonal. The optimistic outlook is a simple retest of the 1385 lows, though maybe not by the end of the year. The pessimistic is where wave 5 down that is coming up is equal to wave 1 at roughyl 1820 points and puts the Nasdaq at about 300 which is pretty close to fair value if you look at P/E's. Wave 3 needs to be the longest and stands at 2660 points which will be fulfilled no matter what.

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