Raptor's Den 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.

Non-Tech : Raptor's Den

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: velociraptor_ who started this subject	2/6/2003 3:23:11 PM
From: velociraptor_	Read Replies (1) of 10157

Chart of what I see.... The DOW has the best pattern with the S&P very similar and the Nasdaq ...well...sort of the same. The DOW shows an ABC decline off the highs complete with the A wave as the nice channel we saw yesterday. Off the low today is a 5 wave contracting triangle. As I was drawgin it up, it still had the little E wave to go, but it has now broken down as suggested in the chart. Theoretically, the target should be equal to the move going into the triangle, so for the DOW that means a possible 250 point move down from the triangle tip to about 7700. A move back above the triangle tip here puts it into question and a move above the triangle high on the A wave says we could rally back to the 8150 level. raptorgroupresearch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next