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

To: robert duke who wrote (1380)	11/25/2001 12:03:54 AM
From: Moominoid	Read Replies (1) \| Respond to of 2290

I don't have answers to those questions just guesses. I've foudn it is much easier to get the direction of the trend right than how far it will move. My guesses for 5 are either 2075 on NDX - the previous resistance level in May which would be a running correction in the e-wave terminology or 2375 or so - that would be an expanding flat. The idea there is we would go 20% above the May high just like Sep21 went 20% below the March-April low. Looking at charts of individual stocks like MSFT and CSCO would suggest this latter scenario as more likely. We could go much higher though or never get as high. But anyone looking for a crash this week is for sure wrong..... David