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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: TraderAlan who wrote (14264)9/24/2001 9:06:30 PM
From: OZ  Read Replies (1) | Respond to of 18137
 
Problem is that it is a picture perfect 3rd wave. And we know what follows a 3rd wave, don't we?

Alan,

Can you put up a chart showing me the 3 waves that you speak of. Seems to me we passed the C a long time ago and are at the E part of the correction. Are you saying that we are at the third lower low of the correction when looked at on say a monthly chart?

Oz



To: TraderAlan who wrote (14264)9/24/2001 9:41:19 PM
From: KM  Read Replies (1) | Respond to of 18137
 
Al's projecting the Dow down to 6k on the next leg down. Don't know if that jibes with your EW view. He's been right on so far. Thinks there's heavy distribution going on here. At these prices!!!!!!!!!!!!



To: TraderAlan who wrote (14264)10/11/2001 1:49:36 PM
From: OZ  Read Replies (1) | Respond to of 18137
 
It looks like the wall of worry theory in this post has held up quite well SO FAR Alan.
Message 16407427

So many people sold out that I knew that it just seemed to me that they had to be wrong considering who they were. The thing now is that the worry seems to be leaving the market and who nows what can happen or will happen next.

Oz