1987 crash and Elliott AB base

["Dr C. Roffey" <roffey@xxxxxxxxxxxxxx>]

Bob, The 1987 crash, 1989 Nikkei crash and vertical fall out in the 1994
gold market were all due to Rising wedge reversal patterns, as was the DJIA
from August to September. In SA we also have a huge Rising Wedge on De
Beers the worlds bigggest diamond co. Its peak was around R175 and it broke
downside from the pattern at R140 
My downside target is to R50. A massive fall. Today it hit R110. Since De
Beers tends to reflect the US market, enough said.

Ramon, an AB base is just a particular Elliott configuration for a Double
Bottom type of chart pattern.