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: wave3rules who wrote (134313)	7/15/2006 1:47:06 PM
From: Shack	Read Replies (4) of 209892

personally go with EWI count is this is beginning of wave 3 down going back to 2000 where the bear started I am not sold on that idea yet, but it does look much more possible to me now. EWI has been looking for that move for many many months (years) now so take them with a grain of bear salt.-g/ng However after finally getting around to look at a pile of charts over the last few days (long overdue) I heavily favour a major impulsive down in progress in tech off the spring highs, one which is now in a (3) down as of July 3. A minor corrective up is likely coming but I think we are heading for COMP 1750 at the very least which is the genesis of the big bearish rising wedge on the COMP weekly. After that I will re-evaluate. But here are some thoughts on the $SOX from about a month ago which sums up why I think the return of the secular bear may be premature. However as I posted then, that chart still looks destined for the low 300's, and in the time frames that we trade here would be a nice move. Message 22532877

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next