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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (26939)	8/7/2000 2:08:10 PM
From: AllansAlias	Read Replies (1) \| Respond to of 42787

James, I see the similarities, but I think the Emperor had more clothes on back then -g. Technically, it is a more wounded beast now as well. After a head-fake down, he rising wedge I mentioned appears to be breaking to the upside. (I love being humbled like that. :) Good battle. --Allan

To: James Strauss who wrote (26939)	8/7/2000 7:36:47 PM
From: sidney-8	Read Replies (1) \| Respond to of 42787

re James' bullishness: I think it may be important what Lieb, of the sandspring site, said about the value line. He said that it would uncoil into an expanding sym tri pattern. The xvg looks to be at about a 65+% retrace now and the compx and the xtc are nowhere near that level of retrace. He may be right. We may have time to see the xvg move well beyond it's last peak before the dollar turns down, the 30yr bond ylds (tyx) turn up, and the stuff hits the fan. Note that the dollar and the tyx appear to be completing 5th waves. ...and if he is right ...and the 3 of 5 wavers are right, that means that we will see another violent decline in a selective group of stocks and modest decline in others, followed by a violent bear rally from below the may low of the compx. The statements of hussman, of hussman econometrics, also validate this view of the market direction. I got on to following him (ya gotta pay) when I read market commentary in Bill Buckley Jrs' old magazine, to the effect that he had best defined, why the market didn't crash in 98. Hussman says the bond market has firmed up, as has breadth (marginally, mind you) and we are no longer on a "crash warning", as he calls it. Disclaimer: The extent of my elliot wave expertise is manifest mainly in my having retained 5 digits on ea appendage after years of carpentry. mike