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Non-Tech : Predictions - 2003

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To: CharlieChina who wrote (43)12/28/2002 8:08:34 PM
From: tekie2k  Read Replies (1) of 96
 
nicholas, first let me say thanks for your awesome work on your site. i agree with your 8k forcast. imo, we are currently in wave 4 (down) of the daily charts, wave 5 (down) of the weekly and wave 5 (up) of the monthly. 7900 to 8k will give the dow an inverted head and shoulders and allow resetting of the indicators. there seems to be good support in this area. 8k psych support and 7900 horizontal trendline support from wave 3 going up. this will give the dow a truncated 5th (wave 5 on the weeklies must truncate or 5k is most likely next outcome) and allow the monthly to continue up from very oversold and wave 5 to continue up. this is just my opinion based on ta, ewave, and population growth. that being said, if the weekly does not truncate, that will give severe implications for the world in general and 5k would be very possible if not likely. but, that is a scenerio in which i do not wish to see, either for the market or the world economies (and would most likely make "blood in the street" a reality and not just an economic saying). jmo. have a good one. ed
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