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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: steve susko who wrote (34665)12/17/2003 11:25:06 PM
From: nspolar  Respond to of 36161
 
steve, I'm on the road and don't have access to my normal best charts, Qcharts. Feel a little naked.

My latest and still present on nasty is that it is in a iii of 1 or (i) of 1 down. The iii is what counts and I think we would be looking at a low for this wave down in the 1800 area, maybe even lower, if this count is valid. If the rsi on USPIX seems to correspond, I'm going to roll it for a trade in that area, per present plan. Will re-enter and more than likely significantly increase my stake on the next enter, assuming it goes well. If this continues USPIX is going to be a money pot, and a very very good one.

USPIX/URPSX both counted as completing a full 5 waves down, from spring high to recent low.

I can not get a normal clean count on nasty nor the SPX for a full 5 waves up, for the c wave it had been in, without some violation that I don't know how to handle. This would be from spring low to recent high.



To: steve susko who wrote (34665)12/18/2003 12:50:30 PM
From: nspolar  Read Replies (1) | Respond to of 36161
 
steve, you going short the spx here?

Looking pretty ripe imo.

Markets are doing their best to fake us all out.