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Strategies & Market Trends : The Millennium Crash

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To: Thomas C (Hijacked) who wrote (1572)	11/12/1997 1:39:00 AM
From: bobby beara	Read Replies (2) of 5676

Hi Thomas, I recommend the short term update at elliotwave. If you look at the August correction there is a 5 wave sequence, with a triple test of the 7600 area. I would suspect we could have the same here. According to McClelland on TV today, we have never had a correction like the one we had on 10/27 without a least one retest of the lows in 40 years. A crash ala 87' is still a possibility imo, but would need some significant external event and now is the window of opportunity for that event, as 3rd waves (which we are commencing now) according to Prechter are the strongest. Notice that it has been over 3 months failing to reach new Dow highs and is nobody except media shy Robert Prechter has announced the bear. I wonder if we've still failed to take out 8300 in 6 months from now they will still consider this a bull market -g- Keeps the JQ Public pouring in the fund money - aaay! bb/

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