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TC 2000. You know, I tried that twice and, to be honest, I found it amazingly complicated. I hated it. Metastock is a lot easier to use. And, I believe, much more powerful. So, let's talk substance. The cycles called for today being the first down day, and it cam in right on scedule. We had a lovely reversal in EMC today. A true reversal. Now the question is "what will it do?" I think we'll get a 10 point reversal-- 120 -- in the next 10 days. I hope it comes quickly because my puts will double or triple! Too bad I could not catch 135, as the puts went up 50 percent from their low of the day. Europe really pooped out on us this am, as did Japan. I hope the Naz goes back down to 2300. I think it may well do that. There are a few people claiming AOL will be dumped after window dressing. May happen. Doesn't matter-- I ain't sellin. It's a triple since December! And my wife's AMZN continues to soar. I only wish I could invest my retirement money in individual issues. Finally, if we do reverse, what would the levels be? If we use fibonacci, we need to discern when we "broke out." From the new high? Have to do some homework there. |
