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To: Lucretius who wrote (5620)7/25/2000 12:31:34 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
what did i tell you 'bout breadth? ALWAYS bullish...

Bensimon, who predicted new ATH for the NDX by July, has moved his target to the right in time, and higher in price. looks for a move to 5,280 in the NDX by September. current correction is counted as wave 2 of 5 in this scenario and could halt at between 50%-62,5% retracement level of the rally from the May low.

of course if the recent rally was not wave 1 of 5, but wave 2 of 1 down, things will happen exactly the other way around...anyway, if a wave 3 down starts, we'll recognize it...