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Pastimes : Market Timer's Hall of Fame

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To: At_The_Ask who wrote (90)2/3/2002 3:38:29 AM
From: Moominoid  Read Replies (2) of 121
 
By counting that down as a 5 you are implying more down to come

I guess you mean wave A from Mar 00 to Apr 01? Yes I think we are now in C of B and there will be a big C wave down to complete the bear market. This will take the NAS under 1000 IMHO. As you see I am actually very bearish, but not in the short term.

I think Prechter belives the whole bull from 95 to present was corrective up. Not sure how he got that.

Wolly thinks the NAS top in Mar 2001 is wave B and then there are 5 waves down to 21 Sep. It does look like 3 waves up out of Oct 98.... So that is why he says the bear is over. I think you are wrong on Prechter though. I got a free copy of his forecast and that wasn't what he was saying in November or whenever.

I made 0.02% in January in the end. At least I beat the index LOL

Nice job BTW on winning the daily contest.

Thanks!

David
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