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To: jjstingray who wrote (65122)	2/2/2003 3:47:35 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

I listened to the interview. I recall Prechter saying directly (or indirectly) that we were in a 3 down. I don't recall him saying it would end this quarter. I also recall him emphasizing most bubbles ultimately end lower than where they started, hence his ultimate DOW low target of around 1000. I got the feeling Prechter thinks we will have a crash, although I don't recall him saying that, specifically.

To: jjstingray who wrote (65122)	2/2/2003 6:08:12 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

The EWI count is that a large W“A” decline ended in September 2001. The rally into the Spring of 2002 was an a-b-c correction (or, a large “B”). The decline into the last October was W1 down, and the rally since October was W2 (of C). Now, we are in the early stages of “the point of recognition” –W3 of the large “C”. Specifically, we would be now on the verge of 3 of 3. If Prechter is right, than – to quote ATA – the bulls are doomed. He does mention a possible crash.