SI
SI
discoversearch

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: JRI who wrote (67025)2/20/2003 10:10:27 PM
From: mishedlo  Respond to of 209892
 
Brians Latest.
Comments on this next link?

Updated the chartlist tonight. There are some good stop-loss points on the SPX chart now. Can the rally last beyond expiration tomorrow? It would sure be impressive if it did.

tinyurl.com

I think the question now is whether this slide over the last 2 days is the start of a new decline or a wave X (green) that presages another A-B-C move up. It's just going to have to be left to the market to decide. The top on Tuesday hit the 78.6% retracement from 865 as it completed 5 waves from its 815 wave B (green) low, and the pattern for a 3-3-5 Flat is complete. Since today's high at 849 is labeled wave 2 (grey), the only move above that point in the red count would be if the SPX traced out 5 waves down and then corrected all the way up to near the 852 high. So a move above 849 without tracing out 5 waves down would suggest an X wave. Anything above 852 suggests something bigger is going on.

The degree of this correction, whether this was a correction from 865, 935 or 955, will have to be determined later. The fact that it stopped at a retracement level from 865 argues for 865. We'll see. It's still possible that it has some rally left, so a stop above 853 would be a good spot. A move below 831 (wave B (green) high) would suggest the rally is over. The BP and Summation continued down today, after pausing yesterday - they both still suggest another climactic sell-off is on the horizon.

stockcharts.com

All the Best,
Brian



To: JRI who wrote (67025)2/21/2003 7:56:22 AM
From: skinowski  Respond to of 209892
 
OT OT: Steven Den Beste at his best...

>>...the purpose of the European Union is to roll back the post-war experiment in western Europe with capitalist representative democracy, and to restore Europe to its rightful place at the center of the world's stage by displacing the US as the predominant power in the world.

The driving motivation behind it is a religious belief, along with a nostalgia for past greatness, profound distrust of the masses, and resentment of American power and influence...<<

denbeste.nu