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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (1586)	9/10/1998 8:25:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 3339

I used to think you were a wacko.....but you're not. Joel ---- No your absolutely wrong - I AM A WACKO -G- Here is the deal, the dow doesn't want to go below 74-500 because that will take out the next trendline off the 94-96 lows and that will be curtains. We might have the worst crash of the century if we break that trendline and slaughter all the speculative excess of the last 16 years in an ugly time frame. I have two elliot counts. One makes 8/97 the end of wave 5 and the peak on 7/20 was B of an ABC irregular correction, which elliot described as the 29' peak - as a B wave. If we hold 7400, you could count the 96 peak as wave 1, the July peak as wave 3 peak and now we are completing wave 4, and will be in for one of the most dramatic speculative bubbles imagine-able. The bottom of the next major upleg always looks very gruesome, especially the last one before the pen-ultimate peak. All these counts are considered as off the 94 lows. We are at a great decision point in history and I believe that decision point will resolve itself within days or weeks. All the indices are riding on BEAR FLAGS. Rising lows and rising highs - a rising parallelogram. chartpatterns.com Which means tomorrows rally will be another sucker rally. I believe we will make another test or two of the lows over the next several weeks. Only Bill's hairdresser knows for sure if we break or make -g- bb