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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (8043)2/19/2003 1:03:56 AM
From: mishedlo  Read Replies (2) | Respond to of 10157
 
From Brian
I looked over on Raptor's web site tonight. Hadn't been there in a while - I used to get over there several times a week.

raptorgroupresearch.com

He has the Dow commentary and charts updated for tonight. I mentioned to Mish earlier today that one possible count for the S&P was a large expanded flat from January.

boards.fool.com

I was just imagining that in my head, but Raptor has it all laid out on his charts - and it looks very good. Its the first time I've seen a count for the mess of the last few weeks that accounts for everything. That doesn't mean it's definitely the correct count, but I think it's the best right now. I made a chart for myself for the next few days:

tinyurl.com

It's basically the same count Raptor has on the Dow. Raptor mentions that once we fall out of that red wave C channel the rally is done. Sounds good to me. Seems like these futures rallies are fooling less and less people, with the volume today and all.

I think I'll short spy's with the intention of holding for a few weeks when the spx gets up into the mid-860's or above (below a good stop above 875), or when the spx drops out of that wave C channel. The SPX might get above that critical 868 area before it's over, with two likely endpoints being 871 & 875. The SPX by no means must get up there to complete 5 waves, but it would fit nicely ratio-wise with either wave 1 or wave 3 of this wave C.

Is it any coisidence that Max pain is at 875 Mish? Nah!

70 points in 4 days - no problemo.

All the Best,
Brian



To: velociraptor_ who wrote (8043)2/19/2003 6:47:13 AM
From: Mao II  Respond to of 10157
 
V: I see you've knocked about 10-12 percent from your overall Naz downside target -- from 900 to 800. Forgive me if I missed discussion of this, but Im interested in your thinking. Thanks. M2



To: velociraptor_ who wrote (8043)2/19/2003 7:22:14 AM
From: illyia  Respond to of 10157
 
Well... let's see... I have six feet of snow on my roof and I am sick of shovelling... Oh, you mean the other kind of personal...

On the chart.
stockcharts.com[e,a]dhclyiay[d19981001,20031231][p][vc60][ilb21][j9985620,y]&listNum=16

(Wish me luck with that roof!)



To: velociraptor_ who wrote (8043)2/19/2003 8:30:04 AM
From: John Doyle  Respond to of 10157
 
What is your distinction between corrective vs impulsive?



To: velociraptor_ who wrote (8043)2/19/2003 10:14:32 AM
From: JRI  Respond to of 10157
 
You dare guess where we are within the 5 wave (2?)

It seems like we are priming/resting for a move up, but if we head down from here (today), what would the count become? (truncated 5th possible?)