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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (56894)	1/11/2001 11:39:16 AM
From: rolatzi	Read Replies (2) \| Respond to of 436258

clown of the day Don Wolanchuk: you can read the whole report at: investorlinks.com but the essence is below. INVESTORLINKS: Where do you see the NASDAQ heading? WOLANCHUK: When the NASDAQ was at 1800, I said it was going to 5000. It's a perfect correction. I haven't seen anything in the wave structure to negate my idea that it's going to head - the potential is that the NASDAQ is going to start flying up past 10,000 towards 20,000. INVESTORLINKS: Can you clarify how the NASDAQ fits into this? WOLANCHUK: Basically from the 1998 low, the NASDAQ has retraced exactly 75 percent of that entire advance in a clean three-wave fashion, which is exactly what the DOW did in 1987. It went back to the area of the prior consolidation. It was a consolidation in 1999. All through that year was choppy. It went up very slowly. I'm saying that the NASDAQ is set up, until the wave structure says other wise, to go through 5000 like a hot knife through butter - to go through 10,000 and a move towards 20,000. INVESTORLINKS: Over what period of time? Five years? WOLANCHUK: No, the percentage. Remember it is based on percentages. If I'm right, the third wave is going to be a lot faster than the move that NASDAQ made from the 1998 low to this past high (March 2000). It should probably take half the time that it took on that last big move. If I'm right, we'll go through 5000 inside this year sometime. BWTFDIK, I don't believe in Elliot waves.