To: Bosco who wrote (9051 ) 3/31/2000 9:38:00 PM From: Bilberry Read Replies (3) | Respond to
Relax Bosco, this decline cleaned out the dead wood. JMAR will be doing all we expected it to do and I believe will resume its upturn that started last December. Sure it was scary, but we have seen this before (Oct 1998). The stock doubled after that "scary" decline. Fdorn on raging bull called this one almost perfectly. Here is his post.$45-$50 area is highly likely for starters. Leaving no stone unturned and preparing for the worst, the current rally can be labeled a 'B' wave in Elliott terms, which allows for one final whack to the $7-$10 area before the blast off gets underway. There is no way to predict with any certainty if this will occur (probably why most think Elliott is useless and only works in hindsight). The odds are greater then 70% that the low is in place and the blast off is underway. Always got to have the odds in your favor. ragingbull.com Well it looks like we did get our last WHACK. Now do we get the meltup described above? I am sticking around to find out. ragingbull.com
