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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (1046)	8/29/2001 9:19:46 PM
From: Exponent	Read Replies (2) \| Respond to of 2290

Seems pretty simple to me....Naz 5132 end of W5 up, start of W1 (or Wave A) down which ended at 3043, W2 up (or Wave B) ended at 4289 and W3 down ( Wave C) which according to the rules should end at naz 909 but might have ended at 1619 (what do u think?) We need to see if Naz 1700 holds, which is possibly the end of W2 down of the new bull market, given that these equities have been beaten up beyond recognition and any hint of recovery will create a sharp rebound. Think of it this way, if every stock doubles, the index doubles. If naz 1619 doesn't hold then 1998 bottom will have to be tested with naz 1000 next stop. Is it possible? With the Nikkei back at levels from when I was in grade 10, anything's possible. Probable, no. This isn't the greatest country in the history of civilization for no reason. lol -Exp