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

To: AllansAlias who wrote (47169)	7/24/2002 12:24:27 AM
From: ajtj99	Read Replies (1) \| Respond to of 209892

wiggles AA, does the last wave of the ED line up with 785 SPX, the target for the 3-black crows? I'm having a hard time with the target, as i'm not as familiar with ED's. TIA. Either way, I think EW and what I'm seeing appear to line up. BTW, I'm having a hard time coming up with a target for a 4 on the Dow, assuming 7400 is a low. Any thoughts? I can't really see the wave structure in the drop since May that clearly. It looks like 5-waves with an extended 5th wave already.

To: AllansAlias who wrote (47169)	7/24/2002 12:38:23 AM
From: Shack	Respond to of 209892

I don't believe in ED's anymore.-g/ng Its too tough for me to count right now I think but your's is the best. Suffice it to say we are flattening out at the end of a long stick. Shit, it could be another running bear flag, we've sure had a lot of those.

To: AllansAlias who wrote (47169)	7/24/2002 12:44:06 AM
From: Shack	Read Replies (1) \| Respond to of 209892

BTW, I can make an argument that the entire move off the July 17th high is a potential ED. 'i' into yesterday's low, yesterday's high was the 'ii', followed by the 'iii' into the 1:30 low now the 'iv' and 'v' are in progress.

To: AllansAlias who wrote (47169)	7/24/2002 6:47:54 AM
From: Clappy	Read Replies (2) \| Respond to of 209892

So you are thinking this 4 might be the tradable bottom that you have been waiting for? I think you will answer this with a "No, not quite" unless it's been an IT turn you've been holding out for. Perhaps this is where you will begin to implement some larger amount than just a wiggle wager. (But not even close to the amount you will bet you think the bottom truly is in.) Let me know if I'm following you. Sometimes I read too fast when not following a picture. At what point will you be convinced it is not a 4 up but rather the 1st wave after a completed ABC correction? (Something tells me you will be out of this trade before you actually find out for sure...) Anyhow, thanks for the heads up. I was wondering if the count for the $USD could provide clues to whether or not the Dow will be a putative 4 up or 1 up. The market may not go very far without the dollar leading it...