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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (11213)	11/22/2001 3:09:26 AM
From: Shack	Read Replies (1) \| Respond to of 74559

Yeah that's the "bullish" count alright. That '5' down sucks and I don't buy it. I also don't like how his '4' comes nowhere near the upper channel line. The idea of a channel in e-wave is to help find those terminus of waves. Essentially the count I have is that that we have a potential expanded flat for a '4' with potential to go much higher in this wave (2500 Nasdaq). I have my doubts though. I have a count which has a completed 5 wave move off the Sept lows which satisfies the 'c'. So essentially I think we go to 2500 (if this has all been wave '1'), or we crash. Take your pick. Sentiment indicators are all screaming short-term top at the very least.