The Woodshed 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 : The Woodshed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SwampDogg who wrote (16859)	11/21/2004 12:25:32 PM
From: SwampDogg	Read Replies (1) of 60908

techstocks.com The one that connects the highs of the last 20 years (from the retracement high in 1982 after the crash of the early '80s). The key point is that this could actually only be a Wave 'D' of IV high with one more low to come in the $200-$250 range ('E' of IV). A break of this LT trendline would add a lot of weight to the POG being in a (1) of V on the way to new ATHs but it has not done it yet In this chart just connect the highs since the 1982 high. the-privateer.com This could also be counted as an ABCXAB with another down 'C to come. It is just not confirmed as a breakout quite yet. The other TL that we have not broken is the UT line out of the late '90s high. There is huge R in this range from both of these trendlines. My preferred is that we are in a (1) of V on the way into the $1000s on the POG but we may not have enough steam to make it through this time. One more consolidation in the $360-$400 range ('C' of 4 of (1) of V) before we take the LT downtrend line out. This would be consistent with a countertrend rally in the buck for a month or two. If we break the UT line coming out of the 2001 low then new lows in the POG have to be respected. If we go towards $500 right now then we are on the way to the moon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next