Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AllansAlias who wrote (63024)	1/8/2003 9:53:42 AM
From: The Freep	Read Replies (1) of 209892

Thanks for that XMI chart, Allan. You note that in the wider time frames, bulls would say it's a bullish set up. I must admit, when I look at that chart, my amateur e-wave eyes do think that the down is corrective due to all that overlap. Is there a wave count you've got that says otherwise? (Mind you, I'm not fully sure what the count was leading into that top, so I'm not saying we can't sink a bunch more). Two other random observations: there really have been four great short ops since the top (and a couple other okay ones) for really fast, hard down. Otherwise...not so great. Also, RSI is following that rising trendline that AJ noted...but is also not yet at a level that's led to any of the prior turns down. And if you make a channel on the RSI based on your bottom orange line...that, too, implies we've got some more up/chop heading our way. All food for thought for moi, at least the freep

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next