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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: tekie2k who wrote (71941)	1/4/2003 12:42:09 PM
From: anon.10	Respond to of 100058

tk, been following this guy for 2 years and his track record is very good. he said down to 8250 in Dec. then up and he was exactly right. lt

To: tekie2k who wrote (71941)	1/4/2003 4:05:51 PM
From: bcrafty	Read Replies (2) \| Respond to of 100058

tekie, a quick thought on timeframes Remember that Mathias chart is on the monthly Dow and although he shows it in wave IV, note his dotted-line projected A-B-C showing an end just above 6000 sometime after two years from now. In other words, that particular chart says little about what do with your money now. I think it's also important to note we're currently a long way away from breaking the downtrend line that began forming where his 5 of III stopped, and the broadening wedge pattern of his wave IV looks pretty ominous, at least to me. Add to that the head & shoulders still in play on the monthly SPX, and I still think caution is warranted before getting very bullish, to say the least.