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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (177)11/11/2000 8:30:47 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 12411
 
You are welcome, Chip. The least I can do to contribute to a fine thread. <g>

I took a 1 month subscription for Hahn - I fully expected for him to go to a subscription. Lots of work and the popularity of his site grew rapidly.

Hahn's comments for today -

Updated: Saturday, November 11, 2000 10:09 AM

The 15 minute chart shows the intraday SPX elliot wave pattern....wave C of 2 is confirmed
completed. We are in the progress of 5 waves down to a wave 3 low, which may complete
on Monday. Following that, an “abc” correction and wave 4 up may commence. A wave 5
low would ideally complete on November 21. An important pivot point at 1412 was
violated last week, which is harmful to the bullish scenario. The bearish scenario became
highly valid on the decline below 1380. (This chart was created by Robert Hitt @
astroecon.com)


NOTE: Chart indicates trendline to 1358/1360 with a ?- Surprised me! <g>

The chart below is the Elliot Wave count of the Nasdaq Composite index. The bearish
perspective considers the current wave to be 5 of 5 waves down to a 3 of 5 low on the way
to a C low. The high from two weeks ago is now confirmed as a smaller fractal 4th wave
high. (This chart was created by Robert Hitt @ astroecon.com.)

Time Targets

This page was updated on: Saturday, November 11, 2000 9:59 AM

Believe it or not, the time targets are much more obvious than the outcome of the election.
Even though we must keep one eye on the legal tussles and the other eye on Alan Greenspan,
there are important lows to be made between Nov. 17 and Nov. 22. This is a situation that
favors investors with “dry powder”. Let the market come to you, have your shopping list
ready, and be aware of my time and price targets. If everything comes together as I expect,
there will be high probability of a tradeable rally from Thanksgiving to New Year's Day.
These are exciting times.

The chart below is the 60 minute chart of the SPX. Thursday's “V” bottom was negated by
Friday's plunge. There are no other clean waves other than the Oct. 26 low to Nov. 6 high.
This wave projects to Nov. 21 at 9:45 a.m. CST. Expect a trend change at that time.