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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (56886)	2/23/2002 7:37:53 PM
From: GROUND ZERO™	Respond to of 94695

Wiggle patterns can be any number of days with a minimum of three, but they seem to have an odd number of days in them... once the wiggle pattern is confirmed, it could run for a few days to as long as many months having signaled a major market turn... Im sorry, I don't understand clearly understand your question about the failure rate once the trend reversal is established... could you ask that question in another way? TIA Any time.....<g> GZ

To: Bull RidaH who wrote (56886)	2/24/2002 5:09:54 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I think it would be worthy of our discussion on wiggle patterns to look at the March Value Line, there you can see a well formed three day sell wiggle right at the top of the market in early January... charts3.barchart.com Then there's the NAZ, look at the double top three day sell wiggle occurring on January 9, 10, and 11... charts3.barchart.com We can also see a second day variation for the Dow... charts3.barchart.com And the SP's... charts3.barchart.com All of these major market indices may still be working lower off those wiggle top patterns... I took a short March SP at 1094 in Friday's late afternoon rally based on the possibility the buy wiggle pattern in the SP's does fail... I first took a short at 90 and then it sold off to the 74.50 low of the day, but then I was stopped out at 88 in that late rally, I took only two points in that short trade, then I reshorted at 94 in that late rally..... Message 17100245 GZ