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

To: donald sew who wrote (20277)	9/28/2001 8:09:52 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Don, My own view is that we still haven't completed wave 3 down in the Dow off the May 22 high. Once that's done, we can get a wave 4 rally, with the 5 down yet to come. Some say we are in the 4 on the Dow now. Some say the COMPX is in the big Wave 5 down off the March 2000 peak, which could lead to quite a rally once that's over. Paul

To: donald sew who wrote (20277)	9/28/2001 8:41:47 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 52237

Morning Don have no clue about waves or phases<g>..just Piffing... the DOW prints 8750 today it gives it's 1st BUY signal ala P&F...a double top buy...if you recall that chart i showed you... long tail down col. of O's, a reversal up in X's, then we came back down in O's to make a higher low...so today we are in X's looking to break that other top at 8700...hence 8750 is the double top buy... we had double bottoms on the NDX and COMPX...the BTK actually reversed UP on the chart to 450..1st time in awhile.. the SOX index held 350..the final frontier<G>...the Semis Bullish Percent went to historical lows at 6%...12% reverses that up into Bull Alert status... the bottoming process continues...

To: donald sew who wrote (20277)	9/28/2001 9:03:52 AM
From: Shack	Read Replies (1) \| Respond to of 52237

Hi Don, it depends on what degree you are talking. If you are talking the series off the May highs, most of us have the DOW as having completed wave '3' of '3' and are in a wave 4 correction with a final wave '5' of '3' coming likely very soon. Some believe that the entire wave '3' off that high is done and we are in a higher corrective '4' which would take a few weeks to complete. Either scenario has new lows coming eventually. Edit-I see Paul has already posted essentially the same thing.