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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (19984)	11/7/2001 4:33:56 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Certainly not the prettiest down. It reminds me of the move off the Oct 26th high on the NDX which then proceeded to reverse right back up for the double top.

To: AllansAlias who wrote (19984)	11/7/2001 4:34:16 PM
From: The Freep	Respond to of 209892

If I can weigh in on the second thread concept. I believe the second thread will cause posts to go back and to the left, and there's NO WAY this thread could cause that ALONE! I believe there already IS a second thread! Oh, wait. That's the grassy knoll thread. Seriously though, I disagree with the suggestions of "OT/wiggle" or some such label cuz a quick look at this board shows that probably 80% of the posts during the trading day are short term related. Like Allan and Shack, I'd rather focus on the bigger picture, for a few reasons. One, I'm still trying to learn e-wave stuff, and focusing on big pictures with fewer possible reads would make that easier. Two, the BIG moves for a swing trade are on the bigger wave counts. Now, a lot of times the big and little overlap. Today is a great example. This ending diagonal that da boys called was not only an intraday thing BUT implied the end to a bigger move that we've been watching unfold for some time (though exactly what move isn't 100% clear yet). Still, the intraday wiggle stuff certainly would make it easier to take a swing trade position for a few day/week hold. Since that's the case, I don't know how you can successfully separate the two threads. But that's just me, and I'm just a freep.