Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (13871)	9/19/2001 6:29:12 PM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

I think the great EWave debate about the tech decline from Sep 1, 2000 is resolved. We are in a wave 5. This has enormous implications going forward. A 5 wave corrective decline is very likely the first leg (the 'A' of 'ABC') of a 'zigzag' correction. In the long-term, one should expect further decline, and then a wonderful countertrend rally lasting many months, perhaps more than a year, and finally, another decline that would be the brother of the current 5 wave move that should take the NASDAQ down to 500-700, certainly well under 1000. That might not sound very far from here, but after a corrective rally to something like 2400, it's quite a decline.