wavers, ponder this thought - the extrapolated LMA target for a LT 4-4.5 year cycle high points to DJIA 11,600 +/- 500 pts towards the end of the year - the all-time peak in DJIA is 11,570 (in 1999), and IF the count from the Oct-02 low for DJIA is that we just now finished wave 4 and this is wave 5 up (where wave 2 ended Mar-03), then if 5=1, then the wave 5 up top is supposed to be DJIA 11,700.
Considering that IMHO the sell-off from DJIA 11,570 in 1999 to 7100 in Oct-02 best counts as a triangle (i.e. wave 4), then is this current move up the "infamous" wave 5 of 5 of 5 of ....??????
and would the new (slightly higher) all-time highs in DJIA mark the final buying climax and then bring about Prechter's doomsday scenario/count???????
just a thought, will see.
