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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (90500)	1/30/2004 5:05:35 AM
From: Clappy	Read Replies (3) of 209892

Yes, that could very well be the count and is similar to my thinking. However, my preferred map is looking something like this: share.esignal.com Now I know it looks a little too cutesy, but I'm using those levels as ideal markings. Knowing the market, it is going to try to disguise itself better... My map of the NDX is very similar in fashion: share.esignal.com Again the targets are only estimates. It's the basic formation that I'm looking for. Anyhow, this is roughly how I'm anticipating the next two trading days. Seeing how today is the end of the month and with all the painting that usually takes place it is possible we see the day end somewhere near the top of "c". Then it drains on Monday. The thing that is bothering me the most is that I've traded these waves the best I've ever traded. The counts are almost too clean. It makes me wonder if it is setting me up to go clown short only to bust upwards to new highs. With the height that this market has climbed, it now needs more bears to get suckered into it. Hopefully this level won't be reached until at least we see the my expected next set of 5 down to complete the correction. I also have not ruled out that that this is not just a correction. It is possible that we have seen the T-word. However, I don't think we've seen the actual frenziness and climax of a top. But who knows. I'll let someone else call it that. Sorry for all the words. Just thinking out loud I suppose... Now let me take this a step further. As I recall, "Wave Fours" are usually confusing as heck for me to trade. This leads me to think two things. 1. We could simply oscillate up and down in some sort of large wedge for a few weeks. 2. If this is too easy for me to count, could we be in Wave 1 Down?

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