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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (3366)	5/24/2001 1:46:59 AM
From: jimcav	Read Replies (1) \| Respond to of 209892

It does slightly bother me but hey--the market always bothers me! gg Silly question, but I'm trying to find a nice bullish count here for an alternative scenario. Is it possible (in tech) that the entire 5 waves being counted from the 15th is just a 1 of C, with this correction being a 2? It would allow this down to be an impulsive A in wave 2 no? Just late night musings, and certainly not the way I prefer to see it.

To: Shack who wrote (3366)	5/24/2001 8:48:22 AM
From: AllansAlias	Respond to of 209892

I am buying puts for next week, regardless of what tech does today. I doubt it will push the previous high, but hey, that's why I have no favoured scenario right now. If tech has turned down impulsively, then it is quite possible that the double-top in COMPX was a failed 5th. The reason I say this is that the first dump off the top (before rebounding to the double in COMPX and a lower high in NDX) counts out clearly as 3 waves. If this is so, then we are presently in wave 3 down and there will be no up this morning at all. Futures are up 10 or so as I type, so we'll see this theory tested early. The alternative for having turned down impulsively is to forget the wiggles and view us as in a 5 down presently with a correction up soon to come.