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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (12588)	3/21/2001 12:20:53 PM
From: velociraptor_	Respond to of 37746

A specific target I am unsure of, but keeping things simple and using the DOW as an example... Wave 1 down was about 450 points in length (10,000 to 9550). The corrective wave was about 170 points (9550 to 9720) Figure about 3 waves down...3 X 450 = 1350 points minues 2 corrective waves...2 X 170 = 340 1350 - 340 = about 1000 points off from the 10,000 high. Thus, it would not surprise me to see 10,000-1000 = 9000 by the time all three waves unfold. However, this seems a bit extreme. So, Wave 1 may have been the one to extend and if this is the case then we won't reach 9000. My best guess is that we finish all three waves with the DOW down about 300 points or so.