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Strategies & Market Trends : TA- Advanced GET

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To: Temple Williams who wrote (1018)	8/25/1998 11:34:00 PM
From: Gary Burton	Read Replies (1) of 1551

Temple--I agree with your website projection of a near term move into the DJIA equivalent of the mid to high 7000's. In fact ideally it should penetrate 7000-7300 area (4th w of l lesser degree). The only real question will be once it breaks below 7703 is whether or not that is a W3 or a C wave as you project. Won't know until 8317 recaptured. At any rate the odds are strong that we're going lower. Last correction was about 17% print basis and this one therefore won;t stop at 10% (out of sequence), Can't you see Prechter getting back on CNBC saying at long last I told you so and it's still early in the decline.

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