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Strategies & Market Trends : Sharck Soup

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To: cthd who wrote (27966)6/14/2001 5:17:34 PM
From: velociraptor_  Read Replies (4) of 37746
 
My last post before leaving for Disney for the next week. Being bearish is cool, but remember, just like up...nothing goes down in a straight line either.

On all indexes, 60 min, 30 min, and 15 min stochs are oversold and flatlining there. Daily stochs are entering oversold now.

Also, have a gander atthe following Gartley patterns which look to have completed. Gartley patterns by the way, are not 100% but pretty damn good as I have seen MANY fullfill targets and reverse upon completing the pattern.

raptorgroupresearch.com

raptorgroupresearch.com

raptorgroupresearch.com

Nasdaq completes a similar pattern at 2015 with wave A from 2328 to 2078 and if wave C is equal to wave A, target is 2015 as the lowest point. Charts at the link are courtesy of "Madrone" who often posts his work at Crystal Ball Forum

My guess is everything hits bottom Friday morning and moves up through the day into Monday/Tuesday next week.

Good luck all....and see you when I get back.
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