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: Perspective who wrote (3741)	5/30/2001 9:30:43 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Yes, for now I am seeing this as the 5 of 3. It may not be all in the gap though and I will presume nothing. In general, if we can catch turns, like the call into this 3, then money/risk management should take over until we can clearly see another turn. Everything in between is trying to catch bottoms/tops and is a waste of time in terms of analysis imho. I/we often think ourselves out of good positions by trying to be smarter than the market. The big money is made by sitting on your hands.

To: Perspective who wrote (3741)	5/30/2001 10:28:42 AM
From: JRI	Read Replies (1) \| Respond to of 209892

Bobcor- You've mentioned a couple times that you are charting this (possibly) as following the 1931 Dow, and that, if so, we are looking at lower lows coming... (If I understood you correctly) If so, then wouldn' that NECESSITATE that we are in some sort of zig-zag here (as you have mentioned in a previous post)....if not, what other potential pattern could get us there in this move? (For, under the current preferred scenario, I don't see how we get there...and this move likely ends somewhere in the 2000-2100 area, if I am interpreting correctly...and then good up, before the BIG KAHUNA).. If the zig-zag gets us there, and is in play, could you explain a bit how that can work? (2 things are sticking in my craw: One, Heinz's turn date of June 4th, and (2)...the fact that June is going to be an absolute void of good news, and will be mostly (only) bad news......so I have always struggled with the preferred scenario, in that, I don't see the catalyst(s) to drive this thing back to new marginal highs...the "news" scenario in June I think would support a bigger down move then what we are current seeking under the preferred- hence my question) Sorry for being so wordy.....wow, markets collapsing again...ugly...