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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Activatecard who wrote (46387)	4/14/2000 11:09:00 PM
From: pater tenebrarum	Respond to of 99985

Steve, if it is, i would agree with Prechter's below 8K target. 3 will definitely be considerably larger than 1, and 1 encompassed 2,000 points (from roughly 11,700 to 9,700). a minimum target would be 8,200 approximately...1,61 times the size of wave 1. admittedly we do not yet have final proof that this IS indeed a big three, but the evidence so far is looking good. if the bubble falls prey to wholesale liquidation, i would not even want to think about targets. fair value for the Dow is imo so far away from where we are now, that a trip to fair value would be more or less a catastrophe. regards, hb