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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (792)	2/22/2001 3:15:41 PM
From: velociraptor_	Respond to of 52237

You could look at the advance as wave 3, however, for this scenario to be a reality, the Nasdaq will make a move for the infamous 20,000 mark on the next run. Highly improbable. In fact, just to get back to the 5000 level anytime soon would involve the flooding of the economy with dollars where the printing presses are running quadruple time. This would literally crush the dollar and destroy it. Not going to happen. Most elliot wave technicians are in agreement that wave 5 is what just ended. That said, I do agree, that elliot wave can be interpreted to whatever you want, however, the major waves are much easier to come into agreement to. I stay away from the minor wiggles as it just gets way too confusing until you see them in hindsight.