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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: blind-geezer who wrote (15278)	10/23/2004 1:43:36 PM
From: nspolar	Read Replies (1) \| Respond to of 60899

I have to stick with what I like to use the most. ttrader.com If these minor counts are near correct we move up from here, or we move back towards 223/224 and then move up. I don't yet see a larger move down than that right here. A move up to 260 could go beyond, to 280 before it arrests. At either stopping point there will likely be another correction and it could be more severe than this one here, like say around 10 %. I would not see a move back to 200, only to 240 from say 260, or 260 from 280. The probability of my preferred scenarios would be 50/50 for either case - i.e. move up now or within a few days. The same for a move to 260 vs 280. I would currently have a move down through trend as a very low probability. The trendlines on the chart shown are a little off. The two UT line points for each line are at about 216 and 222 right now, and rising each day. If the first trendline breaks it will not scare me, I would have to back this count up just one degree. If the second one breaks it will bother me and I will have to back out more than a count. I might also tell you a little something about counting. If you are generally bearish the first leg down from 240 (to 220) would be an a. The move up since would be a b. If we move down one would first suspect a c, of equal length to the a. That would move the HUI down to the 2nd UT line. If one is generally bullish you can count these ticks such that the correction is already over, and the HUI is already moving up. If you are extremely bearish, there is not yet really anything (at least imo) to predict a big smash down here, to 200. Something more has to show its hand, before that scenario opens up. Finally there are already some little wavelets off Thursdays top. They don't yet look too scary. That is how I see it here and this is general alignment with my POG read.