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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31113)	10/10/1998 12:44:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

>>>Prechter is now predicting DOW 400<<< He was predicting that in 1987. I hope he isn't holding his breath.........oxygen loss causes brain damage....... Vitas

To: GROUND ZERO™ who wrote (31113)	10/10/1998 12:48:00 PM
From: Thomas C (Hijacked)	Read Replies (3) \| Respond to of 94695

Well if he have a 1929 style decline of 90% or so then we are headed for 933. Talk about good buying opportunity huh????!!! If we have the dow at 933 I will be buying stocks like there is no tomorrow

To: GROUND ZERO™ who wrote (31113)	10/10/1998 12:50:00 PM
From: BubbaFred	Read Replies (1) \| Respond to of 94695

GZ - I am not a Prechter fan and found his TA useless, long time ago. I knew one fellow who used that TA and went to the poor house before he gave it up.

To: GROUND ZERO™ who wrote (31113)	10/10/1998 1:10:00 PM
From: HairBall	Read Replies (3) \| Respond to of 94695

GZ: Prechter is now predicting DOW 400 before this whole thing is over. Understanding that the Dow Industrials 30 Stocks Average is achieved by giving each stock a weighting based on its price at the end of the day and using the current multiplier of approximately 4.1194 to come up with the Indice numbers. Prechter's prediction would indicate that the average price of the Dow Industrials 30 Stocks would have to drop to approximately $3.2367 based on Friday's close! I just don't buy that...but I might short it...<g> Regards, LG

To: GROUND ZERO™ who wrote (31113)	10/11/1998 11:26:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

GZ; It had to be a typo, or you miss read it, he may have meant it would drop anther 400 pts, but not to 400. <g> Fact is you wouldn't have a stock market left long before that point, every thing would shut down, any one with the money for a ticket would leave the country; we could would wind up more communist than Russia ever was, or in the middle of WWIII. I don't know how low it could go, but the system would die before the Dow got to 400. Jim