SI
SI
discoversearch

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 : Classic TA Workplace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jack of All Trades who wrote (40383)5/28/2002 10:49:49 AM
From: AllansAlias  Read Replies (2) of 209892
 
As readers here know, there are a few things from TA (not Elliott) that I really trust. Hound signals and failures are at the top of the list.

Right now, the NDX is threatening to give us a wee-failed breakout signal on the intraday charts. On, say, a 45min chart, you'll see a trendline down from May 17 that was tested twice after the initial defining two touches, and then we broke out over it late on May 23. We are now trading back well under that line. (As we give up the May 22 low as well of course).

Anyway, could still be a 'b' of course as pictured earlier, but it has real potential for my #2 waterfall. VIX measures are strongly up is the worry here for wiggle bears.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News