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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject10/7/2003 11:11:06 PM
From: nspolar  Read Replies (1) of 36161
 
The first chart I am going to post this evening is the Peter Eliades Trin. If you want some reference information, here it is.

stockmarketcycles.com

The Eliades Trin can imo be used to chart Ewaves. The following chart is the Eliades Trin w/r to the NYSE. It appears quite possible that the 5th and final wave is nearling completion, of this entire move, that started in early March.

The red numbers are my interpretation.

ttrader.com\'s%20charts&id=427&d=2

I have been ever so patiently been waiting to go short here. My patience is wearing awful thin. There is no hurry, but imo if there is no breakout within the next few days, this general market run could well be over.

My read also is that there are way too many bulls running around.
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