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To: Stcgg who wrote (1805)2/2/2002 1:45:18 AM
From: Moominoid  Respond to of 2290
 
I agree that we are in wave B since April 2001 and now in C. There could be a case that we made 5 waves up from Sep 21 and therefore it is over and we are now in C. The reason I don't believe this is that the top on the NAS Composite comes on Jan 9 and in NDX on Dec 6. So my best read of that is that Dec 6 is wave 5 in both and the NDX has a zig-zag correction and the Composite an expanding flat. In both cases wave 2 of C of B. If this is true the NAS will go way higher and maybe 6 months forward till wave C down starts.

Alternatively as Prechter et al. believe that 21 Sep is the end of wave A then we should be looking for 3 waves up here and are just completing B of B. The B wave will be rather small compared to the A and my other TA doesn't support that interpretation very well.

I think Bears are going to have to be patient.