el, at this point, the rally that everybody seems to be banking on here is in the show me stage, so far we are still stick in a channel down on nasdaq.
i believe i have a wave count that i can buy into now, from the fed meeting wave 1 was down into the bottom prior to the cien earnings rally, nortel debacle abandoned baby, that was 2, wave 3 ended at the low late last week, with the an abc rally into the high friday.
207.61.23.99
shows up cleaner on the semi's
207.61.23.99
if this count is correct, we should be starting the final five wave decline from the fed meeting, should take several days to a week or more, if this count is correct,
this is my story and i'm sticken too it, until the nas channel is taken out the overall trend is still bearish.
i'm still counting on seeing a day where the ameritraders are big sellers, hasn't happened yet during the whole decline from the fed meeting. |
