<<.......your 11611 Dow target doesn't really agree with a 3 of some degree STARTING here. Maybe you'll revise higher?>>
Freep.....Interim HOLDING reply......FYI copy of most of a post in a discussion I had with VVV about possible targets.....dated April 2nd.....
<<Reviewing your post, VVV...I'm inclined to put the beginning of wave 5 up from the 2002 low at the August 2004 lows of the SPX, COMPX, NDX, and QQQQ...and at the October 2004 low of the INDU.
Assuming, as you suggest, that wave 5 would equal the wave 1 up (October-December 2002), wave 5 would see percentage increases, and reach levels, as follows:
INDU..........25.646%....................up to.....12,621.09........(TA 11,611)
SPX............24.154%....................................1,316.93..........(1.347.96)
COMPX......25.495%....................................2,197.19...........(2.433.63)
NDX..........45.323%....................................1,892.00............(1,880)
QQQQ.......45.698%........................................47.13.............(45.98)
I show on the right, above, the targets I had previously projected based on my TA voodoo.....which were lower for INDU, NDX, and QQQQ......and higher for SPX and COMPX...(which, in these last 2 cases would indicate what is not unusual..5 greater than 1).>>
Don't know whether I would still stick with that.....will try to get a better fix over the weekend....gg |
