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Hmmmm....Peter.....nice copy of Glen Neely's prediction given many
many years ago.
>Peter I see an interseting historical corollary, which makes perfect sense in the Elliott count we both share. wrt DJIA
>First a summary
> Going back to the year 1765, when the Elliott picture/count began , wave 1 ended in the year 1835, wave A of 2 then ended in 1860 & was a flat, clearly. followed by X in 1929, a double zigzag. then in 1949 a 21 year triangle ended wave 2. This, as you well know & have pointed out is the basic structure of the 1,2 ...1,2 ..... subdivisions. But notice that in the next lower degree the 1974 correction started out as a flat but became more complex.ie abc-x-abc.
> The next subsivsion of one lower degree which began in 1995 had its wave a of 2 correction also as a simple flat , exaclty like 1835-1860 flat.
> Currntly we are at the next lower degree, in which it seems that the wave a of 2 correction is turning out to be an abc correction it highly resembles the 1974 correction. But notice that the correction from April to mid june is exactly the 1974 correction ie abc-x-abc. The rise since then seems to be wave b, with wave c down, I think that it will eventually come out to look like the 1974 correction in minature. It seems to me that the wave a of 2 correction of each alternate degree resembles one another in terms of construction yet seems to be getting more complex where as the other alternate wave a of 2 [simple flats] seem to be getting simpler.
> THIS type of relationship implies that the rise from 1765 is not of the same degree as Prechters "LOOSE FORM OF ELLIOTT" implies & hence that we are headed for a crash, but rather it implies that large market gain await us as no large degree is completed.
> In this cuurent correction we would expect wave B to be projected upward due to the power of the overall elliott count, so the current correctio I think will be like 1974 but slanted upwards.
> I PREDICT THE DOW TO REACH 100,000 BY 2050
> Regards Peter
> Krueger Klage Derivatives
> Sydney Australia
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