Market Trend Analysis from MomentuMonkey Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Trend Analysis from MomentuMonkey

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Lee Smith who started this subject	11/25/2000 11:35:52 AM
From: Stcgg	Read Replies (1) of 281

Nasdaq Elliott-Wave Update.. On the composite index, a clear 5wave structure from it's all-time high on March 10th of 5132.52 completed on May 24th, at 3042.66.. This began the current bear market.. A complicated abc corrective structure has been playing out since then, with completion of the 2a-wave on July 17th at 4289.06 and completion of the 2b-wave on November 22nd at 2754.14.. It now appears we are in the 2c-wave rise which should retrace to the Naz 3700 area before resuming the impulsive downtrend.. This 2c-wave should play out over the coming 2 months, lending itself well for what has been coined the 'Santa Claus' rally.. This whole abc corrective rise from the May 24th low represents the 2nd of 5 larger waves in the downtrend.. Below is a chart created by Robert Hitt @ astroecon.com which designates the wave structure and fibonacci retraces to expect within this 2c wave rise.. astroecon.com >><<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next