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 : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bull RidaH who wrote (36267)1/10/1999 10:22:00 PM
From: bobby beara  Read Replies (1) of 94695
 
Plonkster, I never gave that count, My main criticism of most e-wavers is that they pay to much attention to wave counts and too little attention to market internals. One must confirm the other.

Without internals wave counts are held together like Carl's velcro boxer shorts -g-.
and you know it's not kind on your eyes when he trades naked -g-

My thesis has been since the recovery of 10/8 is that we did not have the four year cycle low in October.

Every other cycle is a double dose of poo poo du du.

74, 82, 90 were some smelly bear droppings.

This was just a slapp on the wrist. This was no bear market. I repeat: This was no bear market. Bear markets squelch excess and clean out the speculators to prepare for the next bull cycle.

This is a market of incredibly great excess and people are really fooling themselves if they think a .47 cboe put/call ratio is a foundation for a bull run to 11,400 or 54,000 -ggggggggggggggggg-

We will need to get the put/call ratio back to where it was in October to set a foundation for another 2000 point run . . . and what will that take?

I believe we have an internal set-up (and these internals have been setting up since 11/6 - a long period of divergence) and a wave count for a dramatic sell-off. Internet Stocks are the market leaders, the market will follow the leader, tail WILL wag the dog, in a short period of time that tail has really gained a lot of weight, more like Godzilla tail -g-

This is not a short term blow-off. This internet frenzy has been building for two years now.

bb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News