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 (9882)	8/12/2001 8:41:49 PM
From: JRI	Read Replies (2) \| Respond to of 209892

Looks like H&S target (know how much you LOVE those) measures to and intersects EXACTLY the lower line of the wedge tomorrow......around 1875. That's an interesting point, doncha think? g I reckon that might not be your crash, but would encite some pretty good panic, allow from some silly up (still) into options ex.....and, like the tremor before the Big One, maybe foreshadow a horrid week post-ex.. Don't think I can "fit" that to your bearish scenario count, however....I'll try a bit later.

To: AllansAlias who wrote (9882)	8/12/2001 10:20:03 PM
From: Bull RidaH	Respond to of 209892

OOooohhhhh!! That IS perverse... & nasty too!! -g- But it is very strong count, as one wave in a 5'er usually extends, and in primary & up, it is usually the 5th. You're aware that I'm convinced we started the 5th from the top at the 5/22 highs, and my wave 3 (12/11/00-3/22/01)really doesn't meet "extended" requirements as it was only 134% of wave 1 (9/1/00-10/18/00). So if big 5 from 5/22's high is indeed set to extend(accepted criteria being greater than 161.8% of next biggest wave's price length), then we're looking at 825 minimum on the SPX, with 590 in store if that didn't hold, retracing the entire "earnings mirage" "new era" Clinton induced '96-00 bubble. This would also be fitting in that comparing this entire bear market with '29, wave 5 of A extended there as well, inflicting most of that bear's damage into the '32 low. You may have just converted me into a grizzly. -g- Looks like Hoover's out & Roosevelt is in in 04. Eleanor... That is, who has returned from Gehenna and comandeered the body of our favorite N.Y. senator. -g-