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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andy H who wrote (17044)	8/28/2001 9:55:10 PM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

"Now we would be in the initial waves of a new bull market that began on April 4th." Yes, this seems more than likely.

To: Andy H who wrote (17044)	8/28/2001 10:09:32 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Candidate short list for financial crisis (in no particular order): 1- Japan 2- Argentina (Latin America) 3- Debt bubble implosion (including housing and consumer) 4- Derivatives exposure of banks 5- Levered hedge-fund (no single particular, although rumor had it that a big one was in trouble last week) Funny thing is, what's Greenie going to do if one of these hits? Pump MORE money in? How much good is that going to do? Then we will see 98 (LTCM), 97 (Asia) 95, and 95 (Mexico) rolled into one...as one big FAT HAIRY CRISIS... That's, if this occurs..g I'm really tired, and that's just a short-list off my top of my head...I'm sure there are others...and my spelling looks funny, but I'm too lazy to run spell-check...

To: Andy H who wrote (17044)	8/28/2001 10:11:43 PM
From: gem-x	Read Replies (2) \| Respond to of 52237

From 5120 to 1619 was one huge A-B-C corrective wave. 5120 to 3120-ish was wave A, about 2000 points down, wave B was 3120 to 4250, retracing .500 of 5120 to 3120 (typical of wave B), Wave C's 5 waves were wave 1 down, 4250 to 3550-ish (700 points) wave 2 up 3550 to a little short of 4250, wave 3 was 2.618 X the first wave to 2251 (equality to wave A), wave 4 was 2251 to 2850 (.333 retrace of 4250 to 2251, wave 3), and wave 5 was 2850 to 1619 (.618 X wave 3 + wave 1 = 1200 points to 1619). That would mean wave 1 was 1619 to 2328, and wave 2 is the current double zigzag correction we're experiencing now. I never thought we'd get the double zigzag, but it came, and now we're close to completing it. This fifth wave down should be equal to wave 1 down in the 2nd zigzag (166 points) or .618 X wave 1 + wave 3 = 177 points, targeting 1757-1767. But, there's always the chance of wave 5 being 1.618 X wave 1, targeting 1666, but so far it looks like 1757-1767. If you look at how bad it was in March (scary, scary atmosphere, no visibility whatsoever, Nortel and CSCO getting sliced to 1/3 of their January highs, media articles with bears on the cover...even MAD TV had a skit on the NASDAQ in April, as did Saturday Night Live) and how it is now, it's clearly not as bad as it was in March. CSCO has visibility, as do other companies like INTC, TXN, RFMD, PSFT etc etc...in March it was blind hell. Shorting has become the most popular thing to do in this market, short interest is making new highs almost every day etc etc. I know that there at tons of people who hate the low interet fixed income, and money markets, and are itching to get their money in the market. But from an E-Wave perspective, there's a clear cut double zigzag going on on the wave 2, and we're in the last wave down..

To: Andy H who wrote (17044)	8/28/2001 10:16:47 PM
From: bobby beara	Respond to of 52237

In the 10 year NAZ bull market, I never bet on, and rarely observed, a clean five wave decline of major degree, well maybe not major degree, or clean because of overlap, but nothing's perfect -g- stockcharts.com[w,a]dacayymy[d19980717,19981009][pb50!b200][vc60][iUb14!La12,26,9]

To: Andy H who wrote (17044)	8/29/2001 6:05:22 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 52237

>In the 10 year NAZ bull market, I never bet on, and rarely observed, a clean five wave decline of major degree.< Perhaps the words "bull market" are the key. The trend was up, so the moves up were the impulse (5) waves and the corrective (3) waves were down .. With this market, it seems that the reverse would be true.