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Bill, your alternate scenario is really interesting. Due to "my"
reversal analysis for Dec 8 (in fact using GET Fibo intervals time
from high-low-high + Elliott analysis) I will stick with my forcast
of seeing an up-down turn next Friday, leading Nasdaq down to around
2230. Which is interesting is that there is an important trendline
support level on your chart, at...2227.
The fact is, I would love to see the prices touching this area to get
rid (or at least have a chance to) of this bear market...
Carl
--- In realtraders@xxxxxxxxxxx, "Bill DuBroff" <wd78@xxxx> wrote:
> The attached is the roadmap that I have been following over the
intermediate term. Short term looking for a rally into the first of
the year to the 3700 area.
>
> Bill
>
> ----- Original Message -----
> From: Carl Vanhaesendonck
> To: realtraders@xxxxxxxxxxx
> Sent: Wednesday, December 06, 2000 5:50 AM
> Subject: [RT] FW: NASDAQ turning point Dec 8 at 2230 ==> or 3200 ?
>
>
> Below is the message I posted on last Monday. What I did not
mention
> at this time was another price/time cluster; Dec 8 / 3200 pts,
> instead of Dec 8 / 2230 pts. I did not mention it because I did
not
> see this alternate possibility worth to mention.
> Now that the index jumped a full 10% yesterday...
>
> I hope to be wrong of course, because if the Nasdaq hit the 3200
zone
> next Friday, it means that the reversal would be...an up-down
> reversal, and I would then keep 2230 as the target for this bear
> market, probably to be hit the week thereafter, just before an
end-
> year rally.
>
> Anyway, I will stick with my reversal forcast for Friday Dec 8.
>
> Carl
>
>
> From: Carl Vanhaesendonck <carl.vanhaesendonck@xxxx>
> Date: Mon Dec 4, 2000 1:58pm
> Subject: NASDAQ turning point Dec 8 at 2230
>
>
> I am an A Get user and found Friday Dec 8 to be an crucial date
for
> Nasdaq 100, as well in time fibonacci sequence as time/price. We
have
> a time/price cluster at 2230 on Dec 8.
> 2230 also appears to be a MOB point and, furthermore, the target
for
> the end of W5.
> And finally, if you consider the big congestion of last October
> between 3000-3500, which mid-point is therefore 3250, and the
> starting point of the big down move in early September from the
4200
> area, we have 2200-2250 as the final target.
>
> My "expectation" is then as follows:
> Today (Monday Dec 4), the bullish reaction extends further, until
> Tuesday/Wednesday and up to 2750-2950. Then we would have 2
horrible
> days with a decline down to the 2230 target on Friday the 8th.
> Now, another possibility would be a rally from now to Friday 8th,
> which would then make Friday as a up-down reversal day.
>
> Anyway, there is a lot pressure in this 2230 area.
> I also expect the vast majority of advisors and public to be
> overwhelmingly bearish if Nasdaq should drop that far, so that
this
> would still increase the odds for a Major Bottom being reached.
>
> Carl
>
>
>
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