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Strategies & Market Trends : Visit Mr. Elliott. -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (6)	4/4/2001 11:15:52 PM
From: skinowski	Read Replies (1) \| Respond to of 656

FWIW, from tonight's EWT short term update... … today's decline to another bear market low of 1638 could be the end of wave (5) and the start of a significant bear market rally in the OTC stocks. After struggling to find bottoming action in the NASDAQ over the last week, however, I would say there is virtually no chance of it. While the NASDAQ may rally in sympathy with the blue chips through the end of the week or early next week, any rally should be followed by further declines. Here's why: legions of traders are still trying to catch the big bottom in the NASDAQ stocks. For evidence of this phenomenon check out the Ameritrade Online Investor Index at www.ameritradeindex.com. According to a Roper survey, the index is "reflective of all national online investors." On April 3, the day of a 6% decline in the NASDAQ, 90.73% of NASDAQ investors were buyers! The NASDAQ plungers are still plunging away. Their resolute fearlessness is expressed by trading in Oracle and Cisco, two former darlings of the New Economy. Yesterday, Oracle was the most heavily bought issue by Ameritrade investors despite a decline of 66.6% from its all-time high. Even as it hit a new bear market low of about $13, nearly 32% of Ameritrade investors bought Oracle. 30.3% were trying to catch a low in Cisco, which is down even more (82.5%) and also on its lows. On Monday, we also referenced call buying in the QQQs as another sign of the collective effort to catch bottom tick. This pattern continued today and yesterday. Over the last four day's, in fact, as the QQQs have fallen another 15%, the number of QQQ calls purchased on the CBOE outnumbered the number of puts by 3 to 1. This behavior is a strong indication that the NASDAQ won't find its bottom until it takes back the entire rise from October 1998, which defines the bottom edge of the long-term NASDAQ chart we showed on Friday. This low is 1357 in the NASDAQ and 1063.72 in the NASDAQ 100. Such a decline would amount to a 61% wave (5) decline for the NASDAQ 100…

To: skinowski who wrote (6)	4/29/2001 11:46:52 PM
From: Eddy Blinker	Read Replies (1) \| Respond to of 656

<"The NAZ is in a selling mania and probably not amenable to Technical Analysis"> skinowski, On my sales tour I had to stop by tonight and confirm your thoughts- about those probabilities.I invite you to come and visit my site. I have just started today to sell what I could not give away for free a week ago. daytrader.cc daytrader.cc The Conventional Technical Analysis has and will fail to do the Nasdaq Market justice, when this technical analysis pertains charting technics involving short term trades. The E.Wave concept is not or was ever designed to incorporate present criminal tango cycle. I like to invite you to visit my site and inspect a different approach to the cycle theory which is IMO about numbers and probabilities adjusted to the year 2001 and not 1930 -1940. Regards ED