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 wrote (8043)	2/19/2003 1:03:56 AM
From: mishedlo	Read Replies (2) of 10157

From Brian I looked over on Raptor's web site tonight. Hadn't been there in a while - I used to get over there several times a week. raptorgroupresearch.com He has the Dow commentary and charts updated for tonight. I mentioned to Mish earlier today that one possible count for the S&P was a large expanded flat from January. boards.fool.com I was just imagining that in my head, but Raptor has it all laid out on his charts - and it looks very good. Its the first time I've seen a count for the mess of the last few weeks that accounts for everything. That doesn't mean it's definitely the correct count, but I think it's the best right now. I made a chart for myself for the next few days: tinyurl.com It's basically the same count Raptor has on the Dow. Raptor mentions that once we fall out of that red wave C channel the rally is done. Sounds good to me. Seems like these futures rallies are fooling less and less people, with the volume today and all. I think I'll short spy's with the intention of holding for a few weeks when the spx gets up into the mid-860's or above (below a good stop above 875), or when the spx drops out of that wave C channel. The SPX might get above that critical 868 area before it's over, with two likely endpoints being 871 & 875. The SPX by no means must get up there to complete 5 waves, but it would fit nicely ratio-wise with either wave 1 or wave 3 of this wave C. Is it any coisidence that Max pain is at 875 Mish? Nah! 70 points in 4 days - no problemo. All the Best, Brian

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next