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 : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (14654)	4/4/2001 12:02:21 PM
From: Rambi	Read Replies (1) \| Respond to of 37746

Having trouble seeing the pauses- was that the end of 3 up? Two to go?

To: velociraptor_ who wrote (14654)	4/4/2001 12:05:26 PM
From: marc chatman	Read Replies (2) \| Respond to of 37746

I'm staring at the waves, and I'm disturbed by the thought that, perhaps, the move down the past 2 days may have been a 1-2-3 of 5 waves down from about 10,000, and we may now be in wave 4. My thinking is that the entire move from about 9800 to 9400 on the dow is all wave 3, which, itself, could be broken down into 5 waves down. This is best seen on the 60 minute charts, I think, and it looks even more apparent on the nasdaq and ndx charts. This is just a theory, but it may fit in with the notion that today's correction seems to be playing out pretty quickly.