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To: AllansAlias who wrote (20613)	11/12/2001 12:10:53 AM
From: John Madarasz	Respond to of 209892

start buying now, since we're closer to the bottom...and then just $ cost average until you've invested all the capital you want to, that way you should have an average cost basis that you feel comfortable with. remember, investing is about staying the course., and being in the market for the long haul. if you must sell to protect your remaining capitol in the event of a market catastrophy, do it near the green line...after the coast is clear, buy back in as the stock begins to take off again, then throw in the towel when the price gets to the very tippy bottom of the lower blue line, in case something bad happens and the price keeps going down for one reason or another.

To: AllansAlias who wrote (20613)	11/12/2001 1:34:48 AM
From: sam_o	Respond to of 209892

Wait for the Green line, which it will most likely hit in the next downdraft. IMHO

To: AllansAlias who wrote (20613)	11/12/2001 6:17:30 AM
From: ru2	Respond to of 209892

I assume this is a daily chart. If I really believed the stock was trending strongly against the bear market I'd play the bottom of the channel for a bounce using tight stops. If that kept me in the game I'd trail stops under the bottom channel line if another strategy did not suggest itself. If and when it breaks the channel I'd then play the green horizontal support. Wave count, Uhhh.. maybe the break outta the channel is wave five.. R

To: AllansAlias who wrote (20613)	11/12/2001 6:58:25 AM
From: Clappy	Respond to of 209892

I can't count that, but I would not touch it until a major correction of at least to line 1 (the green one). If you asked me a year ago, I would have probably bought at line 5 (the red one). Seeing how far my favorite tech stock favorites have fallen over the past 2 years, I'd save some money to buy at the double top that formed in the beginning of your chart... Somehow I get the feeling that this is a partial chart of some index that you chopped the end off or else you inverted something to make a point to make bears frightened...

To: AllansAlias who wrote (20613)	11/12/2001 7:19:55 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

It shows that you can have wiggles in any time frame... ;-) Completed 5 waves is a good possibility here... another extension cannot be ruled out, but doesn't look necessary. Top of wave 3 on this chart looks more convincing then ever. Interesting, how a major correction about half way between the bottom of 4 and now (a major crash at the time) is so well hidden, as a small real body red candle. I happen to have first arrived to this country in October of 1974, on a day of a major low. (Since then things were going up <g>). If I were smart, I would be heading to Wall Street straight from the airport! edit: I should add that some think that this entire chart is a 5 of 5, but then... isn't every wiggle just a fractal of another one ? ;-)

To: AllansAlias who wrote (20613)	11/12/2001 7:40:22 AM
From: Doo	Respond to of 209892

Show me the volume and I'll wager it's a climax top. I'd short it with a stop over the high. Sorry. :)

To: AllansAlias who wrote (20613)	11/12/2001 8:00:25 AM
From: bcrafty	Respond to of 209892

Allan, I too would wait until the green line for entry But now, as well as whenever it reaches the green line, I'd be asking myself "isn't there something else I'd rather play?"

To: AllansAlias who wrote (20613)	11/12/2001 8:15:35 AM
From: JRI	Read Replies (2) \| Respond to of 209892

Cramer on the tube...making a fool of himself (as usual)...thinks market is going much higher, and that the key is that no one is going to keep cash in the banks at 1%...they GOT to put it in the market <G> (Kindof like spending those tax cuts, eh Jim? I guess Cramer's never heard of debt service/paying down debt) He has been so consistently wrong the last couple years its not even funny...on the negative side, its amazing how many folks are looking for down early this week.....the boat's getting loaded.. I was going to guess that was GE from the 30s...