I picked a bad time to post the PARTI , under the same name, in a thread here about 10 days ago. The next day, the Nasdaq spiked up about 160 points!

BUT, he who laughs last laughs best.

www.wavechart.com

NOTHING HAS CHANGED FOR THE BETTER. In fact, the Nasdaq IS STILL SITTING AT CRASH WAVE LEVEL. NOTICE HOW MUCH IT'S BEEN DOWN LATELY?

If you think a few hundred points is a "correction", well, I hate to say it will be more than a correction. Buying in low will only get you a BIGGER loss as this thing drops.

Can't give out details, but don't think in terms of a mere 15, 20, or 25% DROP here!

The DJIA wave has topped , in agreement with COMEAU's prediction last MAY! The drop %-wise in the DJIA will be LESS than the Nasdaq100.

This wave has been biulding and extending for many, many months, yet the end result is the same, and so are the target levels! That is one of the beauties of Elliott waves.

The New Era greedsters are about to find out why buying companies that are "valued" at the new paradigm values of hundreds of times earnings, and scores of times in sales, will only result in those companies' valuation regressing to the historical mean, which in some cases will mean a drop of 95% and more(i.e. BANKRUPTCY).

It continually amazes me that people are so hooked up in the greed of the Mania that they won't take time to read about a historical precedent to this that happened barely 25 years ago!(Try 1973-74).YET THIS ONE WILL BE FAR WORSE.

-- profit of doom (doom@helltopay.ca), January 12, 2000

Answers

I wonder what degree of error all the day-traders.com throw into the old predictors? It really is a new era in that respect.

Note to self: Found "Day Trader's Anonymous" on the 12-step model. Profit potential unlimited.

-- Hokie (Hokie_@hotmail.com), January 12, 2000.

profit of doom:

Remember the recent prediction of *me*? When the NASDAQ crashes, it will take the DOW and S&P with it.

Will failed rallies force frenzied retreats?

-- dinosaur (dinosaur@williams-net.com), January 12, 2000.

Well, profit, today the NASDAQ jumped up again right after your Part II post.

How long do the charts show the NASDAQ "sitting at crash wave level"?

-- dinosaur (dinosaur@williams-net.com), January 13, 2000.