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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Bull RidaH who wrote (47393)5/10/2000 3:25:00 PM
From: Death Sphincter  Respond to of 94695
 
i'm guessing that was it.....now from the Naz low of 3227 we had an ABC up and now an ABC down...the ABC down appears
to be a 5-3-5, so the risk is that it is not abc,but 1-2-3 and we are now in 4up with 5 down to come

those are the 2 valid reads for me at this point

if it is abc down, then we need either a C up...or another ABC up (3rd one) followed by ABC down (4th one) and a final ABC up to complete a triangle, all staying pretty much with the trendline boundries

will see
Stink



To: Bull RidaH who wrote (47393)5/10/2000 3:33:00 PM
From: Death Sphincter  Respond to of 94695
 
market should be looking for a confirmation on a pullback right here



To: Bull RidaH who wrote (47393)5/10/2000 5:34:00 PM
From: Death Sphincter  Read Replies (1) | Respond to of 94695
 
last 45 minutes is not encouraging in FORM.....would have liked a nice abc down for retest but that sure smells of a 5er. a break of todays low will kick off another short position for me.....man am I getting sore.

to state the obvious: each potential short term rally spot has failed so far. lower trend line of SP is coming fast



To: Bull RidaH who wrote (47393)5/16/2000 11:28:00 AM
From: Death Sphincter  Read Replies (1) | Respond to of 94695
 
Wavy Davy lookin for Gravy.....last we spoke was afternnon of 10th and we were looking for a reversal right then and there....THAT one happened to worked
BUTT, take off the mask for a minute and look at the NAZ from that point....it appears suspiciously corrective versus
impulse, no?
strictly form wise...if you flipped the chart on NAZ, and the parabolic rise to 5200 was instead a killer 3rd wave down in a decline, wouldn't you anticipate a sharp wave 4 to be followed by a failed 5th?
Will that eventually occur down the road?
Next few months should be interesting....as well as the next few days

Stains