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 : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?

To: Abner Hosmer who wrote (362)	2/15/2003 8:41:52 AM
From: the-phoenix	Respond to of 941

Thanks very much for the feedback. While your view that the move off the Dec highs is corrective may be in the minority, it is certainly one that I give serious thought to each week, especially now. However, as I have previously stated, I would prefer to see the Nasdaqs complete gartleys all the way down to the .786 retracements, coupled with retests/probes below the October lows on SPX and DOW, ideally all this about a month from now. If that situation were to set up, I might consider starting to go long again with the long-term port. Right now, I am inclined to think that the gartleys completing this week might be tradeable to the long side to the initial .618CD retracement targets, but I am not willing to commit any long term funds just yet.