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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: gem-x who wrote (38908)	7/8/2001 6:52:27 PM
From: JustTradeEm	Respond to of 100058

I think all on this thread who read you should read from this link forward through the entire give and take, it only takes a few minutes .... Message 16042792 I love how you begin by presenting the "guru's" analysis and asking for comments .... which most were happy to do .. now, you criticize them for providing the comments you requested ?? In some cases, it seemed you didn't even have previous data you would need to answer AA's questions .... what kind of analysis is that ??? Now, they're idiots because they may not be wedded to your analysis ?? LOL One comment made during the discourse that I found interesting was that one should have a secondary or fallback scenario prepared and you had none. You were simply taken to task for insisting that there is no probability that your analylsis is incorrect. Your posts here .... which if you had any cajones would have been made on that thread ..... only proved their point. You are inflexible and intolerant of others opinions. JB

To: gem-x who wrote (38908)	7/8/2001 6:52:55 PM
From: anon.10	Respond to of 100058

gem-x, another ewaver posting I copied off the Short term trading using TA's on rb. It contained flats so drew my attention in that you described a flat as well. Dont know enough about ewave to say that it correlates with yours. Maybe you can compare this with yours. lt re ewave count, Warning, this post is long, and detailed. You may want to print it. Burnt the midnight oil and our brains on this one, but I think we have it figured out. Looked at many scenarios and referenced your chart and other charts, the book and some of the German posts as well. Here's what we think, it is our opinion that we are at the truncation of a bear market and in a double zig-zag within a flat. If so, on your chart 202, the first leg of the flat (Circled Brown label "A" around 3rd week of May 2001), which is also the end of the first zig-zag would be labeled red "IV". Red Roman numeral "V" would be labeled at the end of the next zig-zag, which would also be the end of the flat. It currently appears that Red Roman numeral "V" will not go lower than Red Roman numeral "III" (April 2001 low). Reasoning behind the above opinions and counts. - from Lesson 4: Motive waves; read text above figure 1-11. Most important part of that text is "Truncation often occurs following an extensively strong third wave." The third wave drop is listed on your chart from Sept 2000 high to April 2001 low. It seems extensive to us. - from Lesson 7: Flats; read that section but basically it says flats are counted as 3-3-5. A-B-C already occured and are labeled on your chart in magenta as (A), (B), (C) (end of April to mid-May). Next 3 waves are the 3 separator waves for the double zig-zag. The 3rd wave that marks the end of the separator is identified as magenta (A) in mid June on your chart. Continuing w/in the same magnitude of the previous waves in the 1st zig-zag, if scenario proves true, we believe that the last high at the begining of July can be labeled (B) this would be the second leg of the second zig-zag. We are currently at a point, again considering the same previous magnitude, that we will soon be able to label magenta (C) of the second zig-zag. This could have been the lows of Friday, unless we go down past Fridays low, but not lower than April lows. As soon as the market reverses from the low, should signal the end of the flat. It's important that you read about running flats in lesson 7, the text between fig 1-37 and 1-38. - Other factors for opinions. Look at the German ewave from 7/1 17:58 - Paragraph called "How does the short term timetable look?" Basically the graphic before that heading shows a blue dotted line and is listed as the "improbable scenario". The course target for NDX listed 1585. We went as low as 1666.62 on Friday. Commentary thought we change trend at the end of July if NDX went that way. My opinion is this could setup a running flat so we need to watch out for that possibility going forward. I'll be anxious to see the next German ewave since the improbable did happen. Last thoughts from a TA perspective. There has been much talk about the Head Shoulders formation. We actually aren't that far from completing that pattern, so watch it closely. Also watch the next major low for the truncation also known as a "failed fifth". For this to occur the fifth wave does not move beyond the end of the third. This also sets up for a double bottom = bullish. Also looks like a bullish penant formed as well. That's about all we thought of, remember these are only my hubby and I's opinions, please use the above as suggestions to what we think we see, do your own DD but let us know if something else looks like it's occurring so we all can brainstorm. What we've attempted to do is take all the information and apply TA tools to show us the signals to watch for verification or nullification. Hope we applied them correctly. I also hope I stated everything correctly, since it's almost 3am please excuse any typos. Anxiously awaiting any and all comments. V Favorite BoardMarks \| AMGN \| BEAS \| MigraTEC Personal Board \| Short Term Trading Using T