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To: Les H who wrote (2756)	9/8/2002 12:22:00 PM
From: Les H	Respond to of 29609

INDU ewa dataconversion.com There are no valid Elliott Wave trades available at this time. Stay out of the market. Extensive Elliott Commentary for Dow Jones Industrial Average Index ($INDU) Daily on 06-Sep-2002 with five incomplete patterns: Wave x of the Minute degree inverted Double Zigzag with a rating of 102.3 is expected to complete in the price range 7532.66 to 8799.0272, but more probably between 7856.9736 and 8474.7136. This wave could complete anytime between now and 10-Dec-2002, but is most likely to complete sometime between 10-Sep-2002 and 15-Oct-2002. After wave x is complete, expect the market to continue up into wave y, which should be a three wave Zigzag pattern. Expect wave y to retrace wave x by 173% - 376%. Wave y can also be expected to be 103% - 376% of the price length of wave w. The expected time for wave y to complete is 61% - 248% of the time taken for wave x to complete and 87% - 274% of the time taken for wave w to complete. Wave B of the Minor degree Flat with a rating of 94.8 is expected to complete in the price range 9450.784 to 14951.2848, but more probably between 9817.484 and 11820.2304. This wave could complete anytime between now and 12-Sep-2003, but is most likely to complete sometime between 10-Sep-2002 and 28-Oct-2002. After wave B is complete, expect the market to continue down into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 92% - 169%. Wave C can also be expected to be 100% - 169% of the price length of wave A. The expected time for wave C to complete is 46% - 202% of the time taken for wave B to complete and 46% - 163% of the time taken for wave A to complete. Wave (Y) of the Intermediate degree Double 3 with a low rating of 74.5 is expected to complete in the price range 6538.5144 to 10300.1504, but more probably between 8690.4736 and 9579.2208. This wave could complete anytime between now and 06-Sep-2002, but is most likely to complete sometime around 06-Sep-2002. Wave (Y) will probably complete this Double Sideways pattern, although it could possibly extend into a Triple Sideways pattern. This is the final wave in the pattern. When complete it will also complete wave B of the Primary degree inverted Flat with a low rating of 70.1. These two waves have the same target ranges. After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 86% - 179%. Wave C can also be expected to be 89% - 179% of the price length of wave A. The expected time for wave C to complete is 55% - 260% of the time taken for wave B to complete and 44% - 175% of the time taken for wave A to complete. Wave b of the Cycle degree Zigzag with a low rating of 66.6 is expected to complete in the price range 8160.9712 to 11481.5584, but more probably between 8785.636 and 10166.4744. This wave could complete anytime between now and 26-Sep-2003, but is most likely to complete sometime around 10-Sep-2002. After wave b is complete, expect the market to continue down into wave c, which should be a five wave impulsive pattern. Expect wave c to retrace wave b by 132% - 280%. Wave c can also be expected to be 46% - 280% of the price length of wave a. The expected time for wave c to complete is 71% - 283% of the time taken for wave b to complete and 47% - 156% of the time taken for wave a to complete. Current Analysis Settings: Analysis Date Range: 16-Apr-2001 to 06-Sep-2002, Label Range: 15 - 50, Preferred Count Labels: 31, Min Rating: 65, Include Hidden Waves, Stocks toggle ON, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern