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


To: Arik T.G. who wrote (47843)6/10/2000 10:37:00 PM
From: Stcgg  Read Replies (1) | Respond to of 94695
 
Arik.. Chart of New Bull in the Compx..

Naz from 5/24 a classic impulse.
1 to 5/25 high
2 to 5/26 low
3 to 6/6 high also an impulse, and 3 of 3 also an impulse
4 to 6/7 low
we're at 3 of 5 now.
Guideline for 5 the size of the 1 which was 320 points.
The target for the 5 is therefore 4030.
Monday or Tuesday morning, I guess, would be a good time to short.

ATG


The lows of 5/22 (S), 5/24 (H), and 5/26 (S) show a Reverse Head & Shoulder pattern..

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To: Arik T.G. who wrote (47843)6/11/2000 4:12:00 PM
From: Death Sphincter  Read Replies (2) | Respond to of 94695
 
assume that it is a 5er up from May 24......wave 3 has a rather difficult internal count don't you think?(hey,what else is new in the never ending ambiguity of ewave).
labeling the drop to thru 5/26 as wave 2, one would anticipate a wave 4 that alternates in appearance to wave 2,
that being a flat or triangle looking 4(triangles love 4's)
I have not seen that yet unless we are in it now(maybe)
or perhaps we are still in the act of finishing the 3rd wave
and what you are seeing as 3 of 5....is actually 3 of 5 of Wave 3?
I would feel a lot more comfortable if there was a nice looking 4 in here alternating with that 2...but you know as well as I that we rarely get nice,clean,textbook, every parameter fits the theory, type counts....but when they do happen YA GOTTA BETUM!

next week should tell a story.....either the 5er will complete and we go fill some gaps OR the 3rd completes and we go down to test the gap top(and it holds) as wave 4 alternating with wave 2

watching both..leaning towards wave 4

Stains