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: The Freep who wrote (86161)	11/19/2003 11:32:56 PM
From: The Freep	Read Replies (3) \| Respond to of 209892

To add to my own confusion... the BKX stockcharts.com[w,a]ehclyyay[d20][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J19889830,Y]&pref=G A nice bounce off support at the lows today. Same RSI/ADX divergences as the other indices. However, a cleaner starting count. There's a clear long flat 2 wave there. Now, are we JUST starting the 4 off today's low... or has the past few days been an ABC with a decent contrast to the long dull 2?? How does one know? the freep

To: The Freep who wrote (86161)	11/20/2003 12:23:05 AM
From: Shack	Read Replies (2) \| Respond to of 209892

There really is no solution to your confusion. Quite often stuff does not count cleanly, and not everything is always in sync. Again E-wave is not about getting the count right, but its about identifying those set-ups where the exit door is nearby. You think that's a flat building on the SPX the last 2 days? Great, then you know where to take your shot and you know what should happen afterwards, regardless of the larger count. Is it a '4' or a '2'? Who knows. Yeah you may want to know if we're heading for 990 or not but the market just won't tell you outright, so watching for decent volume reversals at support levels is all you can do. Sadly, the market rarely offers easy answers.