>>>You always have a read. SOme wavers making the "5th wave down" completed argument>>>
dennis, i posted on monday on mdd, looked like we had five waves down completed from the swing high last wednesday - i think it's a clean read, i thought we could have at minimum a corrective rally off that or a double bottom, but since then we had a triangle which could be wave 2 of and extended wave down, since we have broken support on a massive double top on the nas, i would be hesitant to call a bottom until i get my full page spread in the times -g-
207.61.23.99
wave three & wave 5 down still comin after yesterdays triangle?
there is a lot of bearish talk, but remember there was a lot of bullish talk all the way up the parabola and it kept going, we keep dropping in poles and make consolidation's or bear wedges into resistance, the reverse of the way up.
207.61.23.98
i've traded ba recently on the long side because i felt it had a fifth wave into a rising wedge top going, i would have sold it yesterday, but i got busy and didn't notice the spike up until after the close, i sold the open, it's got the beara mohawk top and a wave count that should have a decent correction, i believe this is indicative of a lot of old eco blue chipper stocks that are making new highs on this last leg up, i think mrk probably is topping here now too, this may mean it's time for the big flush where all the old eco and new eco stocks go down the drain.
stockcharts.com
ndx negated the bullish morning star bottoming pattern and turned support into resistance
stockcharts.com[L,A]DACLYYMY[PB50!B200][VC60][IUB14!LA12,26,9]
spx has the unloved H&S pattern off the october 18th low and the head turned support into resistance on a rising wedge bear rally ABC.
gore better end this futile attempt to do the dimpled chad BS on the american voters, he's already pissed off the armed forces by trying to eliminate their right to vote (commander is cheif my arse), but allowing dimpled chads to be in his favor, it may take a market crash before this dumb F*ck understands what he is creating because his ego is larger than the good of the country or the world economy.
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