Classic TA Workplace 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.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shack who wrote (115969)	4/3/2005 10:57:45 PM
From: skinowski	Read Replies (2) of 209892

Shack, I think that the best way to explain the overall look - and the "threes" on the daily INDU - in the end - will be that the fifth on that index started at the same time as on SPX - last August - but, being that the DOW was weaker, it shaped out as an ED, with a weak last wave. This would explains best the fact that the advance from October to late December looks so much like a freakin' "three". This bothered me all along. I think I'm putting this version on the front burner. The March decline becomes the first leg of the next trend, and we would be due for a bounce, maybe even a strong one, to spook the bears... and then... many charts would fall into place (and Mr. Market would turn out to be a reasonable fellow... -bg).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next