Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (75613)	6/8/2003 7:36:19 PM
From: jjstingray	Respond to of 209892

I think that is what makes the 4 and 5 to come so pertinent. The fact that everyone is going to see the bear over only makes sense for a major decline. If we tank here it just does not make sense. Too many people are short via puts. Do I think things are excessive in terms of valuation. Absolutely. But a bear market rally does not care, those things become irrelevant. My only problem with the 4 and 5 to come is that we are very close to our A=C targets and that gives one pause when thinking about trying to buy this dip, if indeed that is what it turns out to be.

To: JRI who wrote (75613)	6/8/2003 8:14:02 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Bull market "definition"? Does this really matter, whatever it means?

To: JRI who wrote (75613)	6/8/2003 8:45:44 PM
From: bcrafty	Respond to of 209892

JRI, I think there's no real consensus yet as to where we are right now. Is the v of C done (the iv being the 5/19 down move), especially since we reached A=C on SPX and COMP? Or are we still in a iii with Friday's move only being a blip, with a iv and v yet to come? Or did Friday's move begin the iv down with a v up yet to come? At this point we can discuss it until the cows come home but nobody will have a clearer idea until we see how far we go with Friday's move down. It's kinds of a "place your bets and take your chances" scenario right now: that is a good indication to not place any new big trades until things become clearer. I suppose one can play the wiggles either way if he wants, and longs that are way ahead from April/May purchases with loose stops will be OK to hold their positions, too. And as one of those people anticipating the 7/2 Bradley will be "the" top (or reasonably close, of course), I agree that it could also be a lower high or even a double top. But as far as the Bradley's recent accuracy goes, I might also add that in addition to the turns that you mention it was within a few days of the January top and that it nailed the October low to the very day.