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Strategies & Market Trends : Charts & Scans -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (484)	7/22/2001 9:53:02 PM
From: robert b furman	Respond to of 5125

Hi Jeff, EW stuff is ambiguous at it's best. I like it because it opens my mind to alternative scenarios. For someone who is naturally biased to the positive,I find it has a place. Sentiment this last week shows a schitzo market - up one day - down the next.This is typical of a bottom.Sentiment measured by market guru's is too removed and bogus for me. I do like to look at the put/call ratio which has been very bearish - that is often a good contra indicator. This has been a protracted bear market - very deserving and fitting considering the heighth of the previous blowoff top. To not expect a final shakeout just before the turn up would be like tugging on Supermans cape - you just don't do it. None the less - I think a fake out that looks like a retest is a possibility.In my opinion this market is turning.Too many liquidity factors are pent up with good results ultimately inevitable. Perhaps a bottom and a long grinding sideways is the death of a thousand drops.A fitting torture to the MOMO traders waiting for their next fix.ggg The final shake will be seen best in the NAZ as that is where the greatest excess was at the top.JMHO Just a note to say thanks for sharing your work on the charts.I do not have the skill and do greatly appreciate this thread. I pour thru TC 2000 and have the Real Time feature.I often would like to post what I see, but do not have the website knowledge. So in between me becoming enlightened - I thank you for your diligence. Bob