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To: Perspective who wrote (1182)4/27/2001 11:49:33 AM
From: AllansAlias  Respond to of 209892
 
Yes,non-tech has been a recurring topic here and the theme has always been -- look out above, not ready to roll. I had hoped that the little 5 waver yesterday would seal the move, but nope, it just keeps on grinding.

Thanks for the excellent little chart.



To: Perspective who wrote (1182)4/27/2001 12:10:33 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
I don't know what degree this 5 wave impulse in the DOW/NTA belongs to, but regardless, it must be shorted soon. It could be the last part of some corrective move (somehow) and we are then heading to fresh lows.

At the very least, if it is a fresh impulse up, you'll catch the "a". Nice low/risk Elliott set-up.



To: Perspective who wrote (1182)4/27/2001 12:20:27 PM
From: AllansAlias  Respond to of 209892
 
Brafoo chart of NASDAQ composite from a pattern point of view:

geocities.com



To: Perspective who wrote (1182)4/27/2001 5:26:43 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
BC, the fact that this pattern has unfolded as a diagonal leads me to believe that it is finishing, not beginning. How common are leading diagonals?

I just wish I knew what the hell it was finishing?