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

To: Clappy who wrote (47134)	7/23/2002 9:59:20 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Elliott is only one of the 3 things I count on to trade: TA, sentiment, Elliott. I just wanted to say that by way of preamble so that the following is understood in the proper context. I have tried to count the Dow very objectively during this decline, ignoring my reading of sentiment and the support that comes and goes, and my best reading of the Dow at this point is that we are very close to finishing, if it was not finished today, iii of 3. The implication of this count is dire. It implies that we have two more legs down yet: up) iv of 3 dn) v of 3 up) 4 dn) 5 I will ignore this count if price forces me to. I like it when the count agrees with the other factors, but price is king and screw Elliott if price starts to invalidate the count. I want to get on board for the 4 up for sure. It may turn out to be more than that. Most everyone thinks all moves are 5 wave moves, but that is not so with corrective moves. The 4 and 5 might not materialize, that's the bailout. If this corrective move is a zigzag, then there is no need for a 5th move.

To: Clappy who wrote (47134)	7/23/2002 10:33:32 PM
From: GraceZ	Read Replies (1) \| Respond to of 209892

I have a TiVo which really comes in handy with CNBC. Most of the time its just yada yada yada in the background, but once in a while they are talking about something I'm interested in, but I miss the beginning so I just jump back to the beginning with the TiVo and then make up the time by fast forwarding through the commercials until I get back to real time. The TiVo comes in handy if you want to take notes on what some freakin idiot just said so you don't misquote them.