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To: The Perfect Hedge who wrote (2610)	9/7/1998 3:56:00 PM
From: R. Gates	Read Replies (1) of 14427

Anyone spend anytime studying Elliott Wave models? If Prechter is right, the "bounce" will take us to around 8200 or so and then it will be straight DOWN past 6500 and then lower. Of course Prechter thinks the Great Bear is upon us and sides heavily with you LT. His book "At the Crest of the Tidal Wave: A Forecast for the Great Bear Market" makes some very compelling reading and if you haven't read it already I highly recommend it. Asian markets will lead the DOW up this week on anticipation of AG lowering rates. As 3rd quarter earning start coming in, and Impeachment talk heats up, and even more chaos in Russia, South America, et. al., Everyone will plainly see that there will be no quick fix for the world financial markets...the Bear will roar even louder...IMHO, of course. R. Gates

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