SI
SI
discoversearch

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 (9793)8/10/2001 2:20:33 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
So, where the heck are we in the greater scheme of things? I was thinking we might go a-visiting the bottom of the wedge, but clearly not today. This up is strong -- AA calling it an impulsive wave -- and despite new lows on the naz and oex, we didn't get them all around. Microsoft and the Dow have recovered tremendously, etc.

So. . . we've got options expiry next week, which tends to tip things a little up. But we've got lots of broken supports. Is this impulsive up the first in a series? If so, do we jello around all next week, or fly upwards? Or is this simply a strong up in the midst of all our down? BullRidaH has his scenario. If anyone else has got a read on it, please share. Unfortunately, all I have are questions.

the freep



To: AllansAlias who wrote (9793)8/10/2001 2:34:07 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
Stopped out for 2pts...

Alan, I try and listen to just about anyone who I think is worth their salt, which I think you are. I tried looking at the EWave stuff probably 1 year ago, have to look at my notes, but found it to subjective to be consistant for this engineer.

I mainly consentrate on the short time frames (1,3min) and sometimes miss the big picture for support/resistance. Sometimes this gets me in trouble but I have 3-4 good setups that I try and stick with. Also trying to add more.

Damn phone, had to take it was boss man... Probably a good thing now that I see I would have been whipped, I was looking to reenter around 92...