>Larry to all EW technicians. First, let me say that Tree does great work. I know that some may not agree with this; however, that's just the way it will have to be. I've done EW work long enough to have seen what I'm about to show a number of times in the past. Right here, I'm only making reference to a failing 5th wave diagonal, and not the formation that I'll describe later. I have seen this a few times on 15 minute and 5 minute charts also, most recently on the NDX in Nov and Dec. First, if you take a look at the VLE index you will see that it is making new all time highs. It is completing a diagonal triangle from the 1998 lows. Looking at the chart posted above of the DOW Composite and even that of the DOW, picture a diagonal triangle at the end of a long term bull market, that is having failures. On some indexes it is so weak that in the final E wave it's failures are really pronounced.
Also remember RN Elliott said that at the very end of MAJOR bull or bear markets there could be a very rare type of formation ( AB Top or AB Bottom ), that is hardly ever even thought of because it is so rare. The reason it is so rare is because it ONLY can occur at either of those extremes. Take a good look at the DOW Composite, courtesy of Peter Eliades (thanks Peter), and tell me that it can't be that or an ending diagonal triangle like the Value Line IS. If that is what we are looking at, as I think it may very well be, than I KNOW WHAT COMES NEXT.
This might be a good time for some responses to this possibility by a lot of the posters here, that I know do very good EW work, and whose work I respect. I might add that I could care less if Robert Prechter thinks such a formation truly exists or not. RN Elliott emphatically did, and it is his work that I do.
I'm not sure if we are goint to crash in the time frame of Feb 2001 +or- a month, where I have THE MAJOR BOND TOP due. I'm not sure that the bonds really even top here. But that is what the bond turns from the past reflect. Those of you that read the EWT short term update on Friday may have seen their bond count. It is the first time I remember them showing the TYX chart, and it IS the first time they have shown the count that I have said we have been doing all along. It can't be made on the futures contract, but can on the TYX which is the cash. And in EW work CASH CHARTS TAKE PRECEDENT. That is why they showed the TYX.
This is what I believe we are doing. I am very qualified in the work I do, just as Madrone is in what he does. I think his posts are great, and they absolutely get my attention. We have a great site here, and this is what it's for. So if some of you EWT technicians out there will take a good look at what I have said before you post a response; maybe look in the book at the section containing an AB top, and then show us your input, than the other viewers of this site will have the input from a lot of us on that possibility.
Anyway, one way or another, I for one do know how potentially dangerous a timeframe we are in ( Feb 2001 +or- a month ). This is what I have pointed out on numerous posts, and I might add very emphatically. The reason for this is should be obvious. I'm not an eternal bear, nor do I think a crash can happen all the time. I respect THIS time frame in bonds, because it will happen only once ( maybe in you life time, because it is a 55 YEAR TURN ). What I have done is for your benefit, just like everyone else that posts here does. I thank you for your time. Larry

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>PLEASE! All those planning to post a response to the potential AB top on the Dow Jones Composite, take a good look at the chart itself. The symbol for Q charts is COMP. If you notice that on either side of the AB top the weekly counts from the highs on either side both have 8 and 15 week counts to the other highs. If you have made a post before seeing this please repost. Thanks again to all, especially Peter Eliades and Tree, without whom I can honestly say that I would never have seen this. What a great
>site this is. I LOVE IT, Larry IT IS AN"AB" TOP!!!!
>LOOK AT THE SYMMETRY!! IT"S AMAZING!!!! IT IS THE CORRECT COUNT!!!! LOOK IT"S THERE AS REAL AS IT CAN BE!!!!! THAT IS EMPHATICALLY WHAT IT IS!!!!! YOU WILL NEVER SEE THIS PATTERN AGAIN!!!!!
>WE ARE ABOUT TO WITNESS AN AMAZING CRASH!!!!!!
>. We are going to under 2400 on the Dow Jones Composite right now. We are currently at 3166. That is a drop in excess of 24% in the combined indexes of the Dow Industirials, Utilities, and Transports. The drop may be larger in some indexes than in others, but we ARE about to say hello to the 1998 lows in no short order. I can only hope all are reading this post. THE CRASH IS HERE!!!!!!!!! NUF-CED, LARRY
>I'm well aware of the various alternate counts in the different indexes. Looking at the COMP, there is NO other possible acceptable alternate EWT count other than a diagonal triangle from the 1998 lows, and that count could not possibly crest in the alloted time frame for the BULL MARKET TOP. The move up from the 1998 lows IS EMPHATICALLY a 3 wave move. NO IFS ANDS OR BUTS. What you see is what you've got. IT'S AN"AB" TOP, the rarest of all Elliott Wave formations, ONLY found at MAJOR, and I do mean MAJOR TOPS. It doesn't necessarily have to occur there, it is the ONLY place though that it can occur. Larry
>würd mich mal interessieren, was ihr davon haltet...
>Belex


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>PLEASE! All those planning to post a response to the potential AB top on the Dow Jones Composite, take a good look at the chart itself. The symbol for Q charts is COMP. If you notice that on either side of the AB top the weekly counts from the highs on either side both have 8 and 15 week counts to the other highs. If you have made a post before seeing this please repost. Thanks again to all, especially Peter Eliades and Tree, without whom I can honestly say that I would never have seen this. What a great
>site this is. I LOVE IT, Larry IT IS AN"AB" TOP!!!!
>LOOK AT THE SYMMETRY!! IT"S AMAZING!!!! IT IS THE CORRECT COUNT!!!! LOOK IT"S THERE AS REAL AS IT CAN BE!!!!! THAT IS EMPHATICALLY WHAT IT IS!!!!! YOU WILL NEVER SEE THIS PATTERN AGAIN!!!!!
>WE ARE ABOUT TO WITNESS AN AMAZING CRASH!!!!!!
>. We are going to under 2400 on the Dow Jones Composite right now. We are currently at 3166. That is a drop in excess of 24% in the combined indexes of the Dow Industirials, Utilities, and Transports. The drop may be larger in some indexes than in others, but we ARE about to say hello to the 1998 lows in no short order. I can only hope all are reading this post. THE CRASH IS HERE!!!!!!!!! NUF-CED, LARRY
>I'm well aware of the various alternate counts in the different indexes. Looking at the COMP, there is NO other possible acceptable alternate EWT count other than a diagonal triangle from the 1998 lows, and that count could not possibly crest in the alloted time frame for the BULL MARKET TOP. The move up from the 1998 lows IS EMPHATICALLY a 3 wave move. NO IFS ANDS OR BUTS. What you see is what you've got. IT'S AN"AB" TOP, the rarest of all Elliott Wave formations, ONLY found at MAJOR, and I do mean MAJOR TOPS. It doesn't necessarily have to occur there, it is the ONLY place though that it can occur. Larry

>würd mich mal interessieren, was ihr davon haltet...
>Belex

Anfangs fand ich seine Beiträge dort ganz interessant (obwohl ich nur wenige gelesen habe), aber dann kamen ein paar Beiträge in dem Stil wie oben, jedoch harmloser. Er scheint die Weisheit gefressen zu haben...

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