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

To: GROUND ZERO™ who wrote (4344)	8/29/2002 4:18:50 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 208378

Yes..., referring to Prechter? The page colors actually change in the middle of the book. White in front..., on how we got here and rode the bubble mania, and then an off white second section on how to protect yourself and eventually profit from the deflationary spiral we are now encountering. I didn't look for the date in the future this is all suppose to end and turn around. Scary Stuff... My Best, Chip

To: GROUND ZERO™ who wrote (4344)	8/29/2002 7:54:34 PM
From: j42231	Read Replies (1) \| Respond to of 208378

Prechter has been wrong so long..........but I shall always remember that he played an initial part in my early TA educaton. It was his book in the early 80's that began my work with E-wave--which I still regard as the most valuable instrument in my trading toolbox. When the August 82 rally launched--he had been bearish but quickly turned bullish. It was primarily the breath figures as I recall. He began to define and anticipate the great third wave up. Once I sent him a 9 leaf clover (yes--nine) that I had found on a walk because it looked like Mother Nature's version of a 'third of a third'--and he wrote back that it reminded him of the LA freeway (lol). His resolute bullishness up to the '87 crash made him a guru--and the esoteric E wave became part of common market parlance. Perhaps it was his bullish stance just days prior to the '87 crash that made him step into wet cement. I recall his hotline saying we have only a few hundred points to the downside but more than a thousand points to the upside. The ultimate irony is that the epicenter gap of that great third wave that he so correctly and steadfastly predicted in the early 80's was briefly encountered intraday of Black Monday--BUT IT STILL REMAINS UNFILLED. It's hard to turn around when cement hardens. I no longer follow his work--but it once served a useful purpose. J ; )