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Strategies & Market Trends : Dow 4000! -- Ignore unavailable to you. Want to Upgrade?

To: Jay8088 who wrote (70)	9/28/1998 12:52:00 AM
From: Jay8088	Read Replies (1) \| Respond to of 140

It may take a little longer than 2 weeks. I expect 1929 type crash to bottom out 10/28. If so, DJIA would be in 4,000's by that date. Assuming it would take about twice the time (of 1929), next couple of weeks could be sharp down to 7,000 but nothing like what we will see in Middle of October. My guess for the 'crash' date is October 19, 1998. But unlike in 1987, we would go lower after that for a total washout on 10/28/98. Caviar: I may be wrong.

To: Jay8088 who wrote (70)	9/29/1998 11:17:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 140

Premature crash alert. We are still in the wave 2 correction. It has been taking a long time and is a complex wave resolving itself into a triangle even as of today. So we still haven;t seen the wave 3 (the 1929 type 'crash wave') I am hoping to see the beginning of the wave 3 any day now... tomorrow? Maybe... Thursday at the latest, I think. BTW the Nikkei once again avoided breaching 13,500 level. I expect that this critical support would be broken as the wave 3 start here.