w000t wednesday, page-39

Hi Sanfelipe

I do not want 2900 to happen

But if elliott wave count is right, it projects around that around 22 Jan.

But as you know this market is falling with great speed.

Based on previous performance, we broke 3960 pretty fast and came to 3400 but did not hold and came to 3200.

Same way, if break down occurs, we may not hold 3100-3200 support and go down to next support level of 2900 (hopefully the bottom - there are lots of pessimists looking for 2700 March 2003 low)

Sara