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To: Henry J Costanzo who wrote (3932)5/31/2001 3:34:27 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
The Prechter Fib month idea only does one thing, doesn't it? It means no new lows between now and December. In the 13 month decline, there were some pretty good rallies (like getting to that double top in September), so it's not as if the Naz couldn't have some pretty good declines between now and December.

Mind you, I tend to agree with JRI here that using that Fib idea on the months is basically a wild assed guess (my words, not his), but there's nothing that sez it can't happen.

Looks like we've either entered the b of this 4, or the 5 or something too complex for this Freep.

the freep