SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (36599)4/20/2002 10:54:46 AM
From: velociraptor_  Read Replies (1) | Respond to of 209892
 
Your DOW roadmap is interesting....I actually agree with it and it is my favored count.



To: Moominoid who wrote (36599)4/20/2002 1:11:34 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
I also like the count David, my only problem is the spring 2001 rally (your 'c' of 'B') does not look like a 3 wave move to me which it would have to be within your expanding triangle.



To: Moominoid who wrote (36599)4/21/2002 1:47:42 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Interesting chart, David. When do you see that "B" cresting? Looks like later this summer, with wave 1 of C down into October?



To: Moominoid who wrote (36599)4/21/2002 7:31:01 AM
From: Stcgg  Read Replies (1) | Respond to of 209892
 
Alternate Dow Count..

This is the Cycle Wave A with a Dow Target Below 3000 -

elliottwaveinsights.com

>><<



To: Moominoid who wrote (36599)4/21/2002 6:31:28 PM
From: Berney  Read Replies (2) | Respond to of 209892
 
David, Thanks for the Chart!

A friend recently bought me Elliott Wave Principle. I'd like to ask a newbie question. Since triangle patterns always have 5 waves of 3, do you feel the pattern has been completed? It just looks to me like there is one missing.

Having spent a lot of time drawing trend lines over the years, I would suggest that you may want to consider using the lower points marked 4, A and B on your chart as the lower trend line. This would just consider 9/01 an overthrow. If you move this to a monthly chart, you will see that when that line is moved up to the top of 1/00 the scope of this 2.5 yr channel emerges. You will also note that, in a rare occurrence, we are on top of it.

I would also appreciate some discussion from the board as to whether 9/98 could have been the bottom of wave 4 up. The reason I ask is that, as I understand the issue, a corrective action should stay within the bounds of wave 4. I would also note that some time next year, the down trend line that I suggested above will intersect this 7400 area on the DJIA.

Again, thanks to all on this thread for sharing. I've learned much.

Berney



To: Moominoid who wrote (36599)4/22/2002 10:45:43 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
One problem with that chart is that it would be the first time since 1930 that the four-year cycle didn't produce a major low.