Silicon Investor (SI) -- The First Internet Community

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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (47474)	5/17/2000 2:07:00 AM
From: Death Sphincter	Read Replies (2) \| Respond to of 94695

2 t-shirts! you look at that emini chart and beginning in the morning there is initially an 'a' up, then 'b' down then a 'c' up....followed by another 1,2,3(abc) down and then up again, looking like a 5 waver that overlaps too far down into the previous waves. Now, so what? point is this: I see this formation frequently....USUALLY what happens is that after the 3rd up you get a sharp slide DOWN, leading me to believe that you can label as follows.....abc up(2 ups with a 'b' down in the middle) then "X" down, followed by the last abc up...a cheap double abc with an 'x' in between .....abc-x-abc that LOOKS like a 5er with overlaps, watch and you will see them all the time on the 1 and 5 minute charts what gets me is when they explode out as that one did c