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To: Moominoid who wrote (88)	2/2/2002 1:32:12 AM
From: Moominoid	Respond to of 121

Here is my updated NDX chart: cres.anu.edu.au The next move had better be up for the bullish case.

To: Moominoid who wrote (88)	2/2/2002 10:01:54 AM
From: At_The_Ask	Read Replies (1) \| Respond to of 121

By counting that down as a 5 you are implying more down to come. Either a five three five, or that we will begin a three down at some point. If it were a c it would b OK but there is no B or A. I think Prechter belives the whole bull from 95 to present was corrective up. Not sure how he got that. Velociraptor is usually pretty good. On CFZEW he posts once in while and usually hes on target. I haven't followed him this week and don't really know what hes been calling for. No one is always right about every thing. If ever there was such a person he probably killed himself at an early age. I wan't to avoid giving awards to "stopped clocks" (No I'm not calling you a stopped clock)...People who constantly call for up or down. But also just because someone makes a great call once doesn't mean they are right about everything, forever. Lucidity is often fleeting. I gotta figure out what to do for "da weekly contest". I called down for two weeks. Missed the first week by 13 compx points. LOL. Now I'm back to flat. DOH! looks like the dow was up this week. Now I'm at -1. Gonna have to start trying a little harder. It's just for fun but it's good because it makes me think. Nice job BTW on winning the daily contest.

To: Moominoid who wrote (88)	2/4/2002 12:25:47 AM
From: velociraptor_	Read Replies (1) \| Respond to of 121

My long term count may or may not be correct. In fact, I have taken a stance back from the long term Nasdaq count since I really have several possibilites and none are too clear. I think the dynamics of this count are going to be a little different from the DOW and S&P because the Nasdaq is not as old. Some say that there was a 5 wave count down into the March 2001 lows as you do, but I don't think this is correct either. That puts wave 2 and 4 on different time magnitude degrees and it just doesn't look right. Also, the C wave in B would have to retrace a good part of the A drop and that means a move up to 2500 to 3000 at least. No way this is going to happen. There is most likely some other complex count here that most have not touched on yet, and probably won't be clear for a while. Short term...yup, I could be wrong there too, but it's working so far, and I'll change it when it doesn't. Such is the life of an EW theorist. :o) By the way, Wollie's B wave high in early 2000 is without a doubt incorrect. That puts the C wave down as some complex structure and it should be be a simple 5 wave count. Also, the drop into Sept 21st off the May high was clearly only 3 waves for all indexes and he never resolves this.