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

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To: DEM who wrote (1801)	2/1/2002 11:51:36 PM
From: Stcgg	Read Replies (1) of 2290

The Trend is Down.. My viewpoint is this is just another distribution top at lower levels, similar to April-June 2001.. The behavior of the decline, particularly noticeable in Nasdaq, changed after April 4th, 2001 from impulsive to corrective, lending confidence to the belief we are experiencing a Wave B, to be followed by a Wave C down before this bear completes it's ABC pattern from the all-time highs.. Evidence of this is expressed by the 3-wave, (not 5-wave) advances from the April lows.. This then brings us to a completed (c) of Wave B running flat (3-3-5) at the January 2002 top, and shows 5-waves down and 3-waves up so far from that top, indicating we are likely about to embark upon the 3rd wave of Wave C down.. This decline should be the Killer Wave of this bear market leaving the Nasdaq in utter ruin and flatline.. Anyway, those are my thoughts, open to opposing viewpoints.. Nasdaq Weekly - stockcharts.com[w,a]wacayiay[p][vc60][iut!Ub14!Lp14,3,3]&pref=G >><<

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