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To: mister topes who wrote (7251)	7/28/1999 8:49:00 PM
From: Boca_PETE	Respond to of 15132

don lane: re:< Prector's forecast for a 10,800 DOW point decline > Do you think the resulting flight to quality from such a decline would likely push the Long-Bond interest rate down to 1.5%. P :-)

To: mister topes who wrote (7251)	7/29/1999 11:50:00 AM
From: Allan Harris	Respond to of 15132

Does Mr. Prechter still predict a decline in the Dow Industrial Average to the 400 level. About a year or two ago I participated in a live chat session with Prechter at his web site. I asked him about that target, suggesting that such a decline would presuppose cataclysmic economic and social upheaval beyond belief. His response was something to the effect that he had total confidence in his analysis, whatever the societal implications. I haven't seen his 400 projection mentioned in print for a long while, but then again, I don't really pay too much attention to his work anymore. I mean, if he's wrong, it doesn't matter and if he's right, well, the way I see it, that won't matter much either. A