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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (30032)	3/1/2003 1:23:07 PM
From: sun-tzu	Read Replies (1) \| Respond to of 57110

nice chart. given you see us in a wave 5 down on the weekly, is it safe to assume that you don't we feel we have much of a chance to rally off lower lows (i'm talking at least 3 months) until your target is reached? my premise has been that a cyclical bull within this secular bear is approaching, but from lower levels. this would seem to present an environment where enough fear would be present to support a sustainable move back up to the upper end of the trading range...approximately 725-900. it seems that your weekly does not support that scenario, unless it was one mighty, ferocious move off the lows. not out of the realm of possibilities. am i misinterpreting?

To: Jorj X Mckie who wrote (30032)	3/1/2003 1:52:33 PM
From: X Y Zebra	Read Replies (2) \| Respond to of 57110

in the chart you show here... stockcharts.com[r,a]waclyyay[d19900111,20030301][p][vc60][iub14!ll14][j8116207,y]&listNum=1 don't you think that for the extended move down you are projecting, the ADX line would first have to get to the 40 level ? I mean... adx is supposed to "announce a change in direction" so if we take it that it just turned up, and market has been coming down... this would say... " market wil go up some... (very short term)... then given the magnitude of descent you envision... I would assume that the adx would reach 40 and well past that... to then turn and with it the market start the serious descent you picture here.... also... as the market would be coming down... I would expect some sort of intermediate bounce at the levels of the "1 and 2" that you show on its ascend around 1996... or am I wet ?