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To: AllansAlias who wrote (62854)1/6/2003 5:39:09 PM
From: The Freep  Read Replies (3) | Respond to of 209892
 
Allan -- in view of what you've posted recently... what is your count here? This the end of a C up? Perhaps the 3 of C, with a correction (4) and then a lot of stocks painting that one more high? And do you have a similar count for non-tech?

For me... the S+P is once again within whispering distance of that neckline and trendline, too. Banks are rock solid. Again, it's a critical juncture. My new favored has become a brief pause here then one more try for the highs by the middle of the month. But there are certainly more reasons for down here than for up vis a vis FA and GPA (global political analysis). Those probably have little to do with the short term moves, though, until inciting events (warnings, war/no war).

the freep, hoping you aren't yet back at work



To: AllansAlias who wrote (62854)1/7/2003 4:52:49 AM
From: habibstocks  Read Replies (1) | Respond to of 209892
 
I don't know how to draw waves, so i won't embarrass myself here..but playing with the charts this morning i came up with something like this.

www3.telus.net

Do you think the area marked by the blue arrow is a good spot for your "another high"? or is this area too far out for the rally to grind up for another month or 2?

Thanks!
Back to lurking



To: AllansAlias who wrote (62854)1/7/2003 2:53:00 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Intermediate-term count:
Given the divergences, I'm wondering if this isn't the call:

ttrader.com

Either way, I see short term down. Do we get many more weeks of up to set your "last high" that so many charts need? Or is there more substantial down, fresh lows off the early December high? ("Y" top in my chart).

We have several nonconfirmations of this move, but they could conceivably get larger if the move goes on to marginal highs before things turn down.

BC