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To: Cynic 2005 who wrote (32160)5/10/2000 11:35:00 AM
From: Les H  Respond to of 42523
 
New Low to be expected for Nasdaq and DOW

1. Bob Prechter writes that the market is now going into the "third of a third" or the mid-stretch of the C part of an A-B-C Elliott declining pattern.
2. The third of a third is always the worst and most vicious part of a down-move.
3. Let see if we have a lot of respect for Prechter.
4. If this is indeed the "third of a third" of an Elliott wave. A new bear market leg for this over extended market.



To: Cynic 2005 who wrote (32160)5/10/2000 11:39:00 AM
From: Les H  Read Replies (3) | Respond to of 42523
 
"This is tempting. If this drops more, I'm going to dip into my home equity to buy more."

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