SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Galirayo who wrote (166798)4/19/2008 3:51:27 PM
From: skinowski  Read Replies (1) of 209892
 
Can you look into your crystal ball of EW Counts and make that fit

I don't think I can, Ray. But what I do know is that SPX made a couple of energetic impulsive swings up starting April 15, with the second one a little more that 50% of the first. This means that either the second swing (starting late morning on 4/17) was (only) 1 of 3 (or C) --- or, it was all of 3, in which case the 5th will be rather small (1400-ish?)

In either case, it would appear that we'll spend a good part of next week in various pullbacks and consolidations. Some fireworks are also likely. If the index takes out 1357 (noontime low on 4/17) that may well mean that the odds for all longer term bullish scenarios could be in a bit of trouble (especially if this happens without the index making new highs first). Not expecting this, but worth watching.

Will try to put together a chart later...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News