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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (65122)	2/2/2003 6:08:12 PM
From: skinowski	Read Replies (1) of 209892

The EWI count is that a large W“A” decline ended in September 2001. The rally into the Spring of 2002 was an a-b-c correction (or, a large “B”). The decline into the last October was W1 down, and the rally since October was W2 (of C). Now, we are in the early stages of “the point of recognition” –W3 of the large “C”. Specifically, we would be now on the verge of 3 of 3. If Prechter is right, than – to quote ATA – the bulls are doomed. He does mention a possible crash.

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