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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Shack who wrote (67917)8/21/2005 2:03:36 PM
From: Moominoid  Read Replies (1) of 74559
 
This was my count on DELL and still is and why I was bearish:

rpi.edu

Of course I didn't imagine such a sharp breakdown. But these seem to becoming increasingly common across quite a few stocks and I've posted about H&S formations in lots of others and major indices. So I won't be surprised to continue to see more of this and a gradual decline in the wave C I see us as being in in the major indices.

My error was to keep thinking we had reached the top of wave B in the NDX etc. long before we actually got there.

I haven't followed this index you mention before:

stockcharts.com[w,a]waclyyay[pb5!b13][vc60][iLa12,26,9!Lh14,3]&pref=G

But would have essentially the same count on that two, though it isn't as clear cut. The weekly stochs here have crossed over would be a sign I would take that it could be playing out in the same direction.
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