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: AllansAlias who wrote (6403)	7/6/2001 1:04:49 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Update on JRI's preferred scenario (while we wait for the experts to make up their mind-g): - 2002 COMPX (this morning) was end of 5 of 3 of 1 (of a larger, 5 wave impulse down) - We are currently in a 4 of 1, which should be a-b-c up...we are likely now in "a" (edit: as of 1 PM, maybe b has started) - Am expecting 4 to end sometime today, and the 5 of 1 (down) to start....4 will likely top out around 2025-2030....first touch in impending upward-sloping wedge.. -5 of 1 (of 5)- Am anticipating it'll take COMPX to around 1973 Monday....Monday is a turn date, so it would be a good place for corrective 2 (up) to start....1973 will be starting point for lower-line of wedge that I think will be building next week... - The "2"- Am anticipating that the 2 will take several days (likely a flat)...the middle of next week (Tues./Wed./Thurs)......"a" top should be around 2030-2040, b low around 2010, and c top around 2050-2060, or close to the top of today's (important) gap down.... You should be able to draw a nice rising wedge (next week) from the lows/highs listed here..from the top of the 4 (of 1 of 5)today to the top of the 2 (of 5) next week (upper trend line), and from the bottom of the 5 (of 1 of 5)/start of 2 of 5, touching bottom of b/start of c of (2 of 5) The 3 of 5 (which could start end of next week, or early Tuesday) will bring a break of this week-long wedge, and w/some heavy down, w/heavy volume......right at important turn window of July 17th-July 21th....I am earlier rather than later in that range... OK, that's my framework.....free for all to beat up....until the experts come along...