| | | Skin, speaking of the old e-wave thread, remember this post that everyone (including Shack) but one guy thought was funny (for you non-e-wave folks, this is real super inside e-wave humor stuff). I basically left after that post caused one guy to have a fit: Oh, the good old days......... <G>
My comments are in bold, Shack's, who I replied to, are quoted in italic:
| To: Shack who wrote (129039) | 2/4/2006 5:45:39 PM | | From: ajtj99 | Read Replies (4) of 204831 | | | Well, I have a count I'd like to propose here:
This past week we saw some issues arise on the thread regarding some comments made that this forum was losing its appeal by shifting away from hard E-wave analysis. Notwithstanding the sarcastic way that this concern was approached, there was some agreement with the poster and some vehement opposition. Rather than focus on the manner in which the topic was broached, I would sooner talk about the point which was trying to be made and whether or not it is valid. I'm hungover so I apologize if the text is rambling and disjointed.-g/ng
This is definitely the start of some kind of impulsive move down here. I think this move may end up being a corrective move in the end.
I think one of the issues in this case may very well lie in the thread's title. It is indeed a misnomer as while e-wave remains a good chunk of what I want this thread to focus on, it is not exclusively an e-wave workspace. I will ask SI Bob to alter the title slightly. Any suggestions? The "Clown-Free" moniker will remain however.
This appears to be a 2 of "b". There are hints of some kind of "ii" as well.
The thread header however does still provide an accurate description of where I want this thread to go and anyone who is posting here should be familiar with it and respect it! The question then arises, has the thread succeeded in living up to its description and intent? I have been much scarcer than in past years so I have not been able to monitor the content as well as I have liked. But from what I have read in the past few months I think the answer is yes, with some concerns.
Definitely the start of a 3 or C down here.
In a nutshell here are the key elements of my "vision" for the thread.
*E-Wave Analysis
*Classic TA Analysis
*Sentiment Analysis
*Accompanying charts to illustrate
All these elements can still be found on this thread but certainly the clutter of FA crapola, non-analytical posts and general noise is making it harder to find. This is an ongoing issue and I too wish that this be kept to after-hours, I find wayyyyy too much of this has crept back into the "working hours" of this thread. I do not mind the thread being used for dialogue about things such as fed moves, inflation-deflation debates, earnings/industry analysis, oil prices etc... I enjoy much of this banter as we have some smart folks around here. Save it for after hours. I do not "crack the whip" as much as AA used to, but I promise you I will be making efforts to be more diligent here.
This looks like the iii or 3 down may be finishing up. It could be a iii of 3 of C as well. The unrelenting nature of this down could be a hint. The lack of any significant re-trace in the down is also telling us something.
However I do not want any of this ancillary stuff being used to predict market moves...at any time! It is not relevant to trading and we have IMO seen huge evidence of this time and time again. If I had told this thread in 2003 that crude oil prices were about to triple over the next couple of years and the SPX would rally to 5 year highs concurrently you all would have thought me nutso! Point made...Charts! Charts! Charts!....that's all that matters for the purposes of this thread.
This is kind of strung out and boring. The rambling within a narrow context suggests some kind of triangle.
It also occurs to me that there are still only a handful of posters here who are posting charts with analysis. I myself have been negligent in my chart-posting so there is nothing I can say except we need to do better here. And just mentioning some stock that is moving and posting a link to Stockcharts is not sufficient. That is useless to me and everyone. Basically, have a point!....or say nothing.
This looks like a more complex correction here. It's zig-zagging all over the place. In the end analysis, it looks kind of flat.
Now back to the crux of the poster's specific concerns which is in regards to the lack of "exclusive" E-wave analysis on this thread. That is not what I want this thread to be so this may indeed be the wrong thread for said poster. We have a wide variety of proficiencies on this thread and each poster brings his or her own techniques and contributions. I do not want that to change, it is the strength of the thread. However the focus as mentioned in the thread header is Classic TA and E-wave. Posts should be geared to these two elements and all posters should be proficient in the use of both. Support, resistance, channels, wedges, breakouts, breakdowns, impulses, corrections....these are the topics that almost every post should include.
While cupping my handle, I'm now wondering if there is a way to incorporate "3-peaks and a Domed House" with e-wave, as this down is getting kind of scary, and the Domed House would seem to offer some kind of sanctuary.
One point which was raised was that the reason for the drop off in wave analysis on the thread is that in the time frames in which we trade there has been very little to say for some time with regards to the broad indices. I think that is true. The bull trend is still in place, effectively now in its 4th year as measured by the $WLSH. Heck, the $NYA continues to make new ATH's! Point being that there has not been much variance from day-to-day except in the smaller time frames. In addition it was brought up that once a long-term set-up is posted on a chart, index or stock, subsequent posts may only refer back to that set-up which has been long posted. I think that is also true. However both of these factors may be leading to some stagnation on the thread, it is here I agree with that poster's implications. As such, and I have to be careful here, I would like to encourage shorter term plays to be posted here. No one-minute charts!!!-ng But a set-up on a 30-min chart would be great, no lower. I think adding this element may re-energize the thread somewhat and lead to more set-ups being posted.
Now it appears one of those earlier waves is extending. I know in e-wave things can sub-divide, but I am now wondering if it can continue to infinity plus one. Gotta look at that Precter book someday.
An element which has been weeded out almost entirely are those dogmatic permabull/permabear posts (where is Fuddle anyways?-g). It doesn't mean that there aren't biases. Trust me, I am more than aware of who is inherently bearish or bullish here. But overall I don't see these biases creeping into anyone's analysis. Kudos!....This is the very definition of "Clown-Free".
The reason this thread has been so successful is that I simply won't allow any disrespectful posters. Trust me, I have read a gazillion boards and when that chit creeps in it becomes a nightmare for all! We all get along here even if we have some "professional differences" . While the post which started this debate falls into the disrespectful category IMO (and I addressed this with him), I know for a fact that this individual was not trying to be offensive nor would I classify him as a disrespectful poster in general. But the post was very out of character for this thread which is why it raised so much contention. I encourage all on this board to let the matter rest, I consider him a valuable poster and there is no need to bear a grudge.
At this point, I really don't know the count anymore. However, it sure must be some kind of cycle low. I hope it's one of those 72-year cycles and not one of the shorter ones. I can also make a very good case for throw-over action here
Lastly, all these "rules" should not preclude some regular social banter, even during market hours. Not every single post needs to be about the market. No way I'm going to go without the wit that has kept the thread entertaining. Keep it fun, keep it light. We are here to make coin but also help to mitigate the boredom which comes from sitting in one's underwear, eating Pringles and watching a 30-minute candle take shape!-vbg
It seems here some kind of weak up is starting. Frankly this entire down looks and definitely feels terminal to me.
Shack
Here I see evidence of a hound. |
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