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: The Freep who wrote (71605)4/17/2003 3:22:18 PM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
Freep, that scenario was not my favored. The one that made more sense to me would be that we are putting in a V up here in our C. The last two to three weeks of whip was Allans IV of C. So, who knows. All I know is that I am stepping aside and picking stocks with good patterns to either short or go long.



To: The Freep who wrote (71605)4/17/2003 7:06:59 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
This should be 'v of C'. Before going to England, I thought we should see a 'iv of C' lasting 2 weeks. The putative 'ii of C' was sharp and 13 trading days (2-1/2 weeks) and this 'iv of C' looks to have flat and 14 trading days (nearly 3 weeks).

The simplest count then, is that we are indeed in 'v of C'.

Who the hell knows what the wiggle/intraday count is. The most important feature just now is not Elliott; it is technical -- the downtrend line off the Dec high on NDX; we have the two defining bars and then two other touches, including the close today.

All the best for a happy weekend. I'll be spending a good deal of it at church, and, the truth be told, that pleases me enormously.

Cheers