Visit Mr. Elliott. 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 : Visit Mr. Elliott.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: skinowski who wrote (191)	9/1/2005 4:47:58 PM
From: Moominoid	Read Replies (1) of 656

I am moving towards thinking that the market (NAS) is in a triangular correction since the beginning of the year. We are now in the C Wave, but this down wave is going to be pretty shallow. We might not then get much below the July low, say 1470 on NDX - drawing a line from last summer's low to this summer's and continuing it. It is pretty amazing if that is the case from an FA basis, but given the recent market action I think that is where the TA is beginning to point. A new high for the year though won't make any E-Wave sense, so I am still ruling that out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next