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: Clappy who wrote (40050)5/23/2002 10:52:14 AM
From: AllansAlias  Respond to of 209892
 
Not sure if that's a good thing. -g

(Also, I just edited the post to try to make it a little clearer.)



To: Clappy who wrote (40050)5/23/2002 11:15:22 AM
From: AllansAlias  Respond to of 209892
 
There's my 1247 target for a 'b' pullback under the wiggle correction scenario. Has to turn now or the Voodoo Box will start jumping with less bullish targets for this corrective wiggle (and ugly scenarios for immediate down).

All wiggles to me. Regardless of what happens, I will admit to some enjoyment at knowing yesterday's dip-buyers are squirming.



To: Clappy who wrote (40050)5/23/2002 11:45:03 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
What about time targets? (See previous diagram siliconinvestor.com

The 'a' leg was quick. About 70 minutes.

*If* the 'b' low is now in:

* 1st price target from the 'b' low for a=c is 1285

* when would the 'c' leg end? I would favour that the 'c' high is put in by 2:15 today. This forst time target is an ideal based on having no price action for the 'c' yet. When we get some structure, we'd have a better idea of a time target.

Like I've already said, I am not trading this corrective wiggle. If there had been any fear, I would have considered it.

edit: I should have said "what I think is a corrective wiggle".