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: Shack who wrote (70776)4/7/2003 6:22:08 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
We might very well dump into a 'c' here before the bull continues.

And, don't you agree, that would be the dump to 7800-8000 that I just mentioned (7900). Presuming, if it turns back up, the higher it does that from, the more bullish it is -- in ohter words, the more "running" a flat it is.



To: Shack who wrote (70776)4/7/2003 6:37:25 PM
From: Paul Shread  Read Replies (2) | Respond to of 209892
 
FWIW, I think I read that EWI had us in a wave 4 triangle of c of 2 with a final thrust up for the final 5 of c today.



To: Shack who wrote (70776)4/7/2003 7:20:42 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Shack, "smells like an 'a' and a 'b' to me"

Then how would you be counting the 3/12 to 3/20 move, and how would it be fitting into the subsequent 'a' and 'b'?

Would it be a 1 followed by a 2 down abc (with the a & b of the 2 completed)? If so, that would leave us with a c down coming this week followed by a nice big 3rd wave up.



To: Shack who wrote (70776)4/7/2003 7:23:29 PM
From: skinowski  Read Replies (3) | Respond to of 209892
 
Since the high on 3/21 we had a “three” down, followed by a “three” up, and today the market made a decisive overlap with last week’s highs.

(I think the move up from 3/31, however, can be seen as a "five").

There are two possibilities, I think. First one is the one you suggested. Another one is that the swing up from 3/31 low is a completed impulse – and ALL of Wave C we will ever see.