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: UnBelievable who wrote (63536)	1/12/2003 7:27:25 AM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

Yes, we agree that wave 2 can not travel further in price than wave 1, however, I think that Frost and Prechter discuss this wrt to retracing wave 1, not some steroidal up-move as you have shown. No matter, we can agree that it should not travel further in price. BTW, what they list there as Elliott rules are bullshit. Most of those are not listed by the modern standard, Frost and Prechter, and they sure as hell were never mentioned by Elliott himself. Cheers edit: I see now that you deal with this in Message 18433938

To: UnBelievable who wrote (63536)	1/12/2003 9:45:59 AM
From: At_The_Ask	Read Replies (3) \| Respond to of 209892

I missed the chart by the chief somehow. In his defense I have seen him make a good call or two. Like Shack I used to think he wasn't a serious timer and had "lost it" or something, but I pay attention to what he says to a certain extent. Back at the lows in november he was calling for a thousand point b up and it seemed ridiculous at the time. I gave it the benefit of the doubt because I was also bullish. We did in fact get a 800 point move up that terminated at the dec. 2 highs. When he starts talking about the epicenter of wave three to dow 40000 many guys think it's outlandish. Perhaps it is but some day the dow will be at 40k provided that we don't blow each other up first. A few elliot guys predicted dow 10k when it was it was only 900. It took 30 years but it was in fact a 12 bagger. 40k is only a 5 bagger from here and seems conservative by comparison.