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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: moorso who wrote (901)	2/12/2002 8:10:32 AM
From: Moominoid	Respond to of 208031

gem-x reckoned 1000 NASDAQ points, presumably in 2-3 months as in the move from Sep 21 to Dec 6. The target is from multiplying that move by 1.612 one of those magic Fibbonacci numbers. But now gem seems to have gone to the trollside and thinks we are in wave 4 down or something (since Jan 9 I think is where he thinks the top is, because he ignores the NDX). But this count is not the favored one either on this thread or on the CFZ E-Wave thread. Some on there seem think it might happen but more down first. Prechter would be thinking one more wave up if I have that right. NDX 2700 is a 38.8% retrace of the move down from Mar 00 if the bottom is in April (Sep is a B of B wave overshoot). That could be an ultimate target for the end of the complete move. 3100 is a 50% retrace. I'm expecting another 3 waves (2 are up and 1 sideways betwen them) each about 2 months up to that ultimate target. Then I morph into a troll-bear :) David