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To: Shack who wrote (115057)3/19/2005 12:34:32 PM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
I agree about the trading getting tougher. If we are entering that B wave, things will get very hard. I am actually going to be trading a lot less unless I can see some very clear setups.

A good example is how well the NDX has held up considering the crappy pattern it is exhibiting. Everytime it looks like it is on the verge of caving, it actually jumps up.

I think charting based on longer periods will be the only way to view patterns.



To: Shack who wrote (115057)3/19/2005 1:15:36 PM
From: jjstingray  Respond to of 209892
 
You may not like MER the best of the brokers, but check this out. The decline has held the mid part of the Bolinger Band, and it looks like it is getting ready for a big move as they are getting tighter.

stockcharts.com[h,a]whclyyay[dd][pd20,2!f][vc60][iLb14!Lb5!Lh5,5!Li10,10!Lp14,3,3!Ld20][J43839416,Y]&pref=G



To: Shack who wrote (115057)3/19/2005 1:29:35 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
Shack .. have you checked out the New Toy or should I say Tool?

Works very nicely. But it's Beta so it cannot be fully relied on yet.

Here's the DOT and GSO overlay on Price.

stockcharts.com

stockcharts.com

Ray



To: Shack who wrote (115057)3/19/2005 9:38:45 PM
From: skinowski  Respond to of 209892
 
$DOT topped in March 2000 at over 1350. The low - in Oct 2002 - was at a fraction above 60. This illustrates the enormity of the devastation which this sector suffered after the bubble burst.

The EW picture of the advance to the recent high (of about 210) is indeed pretty clear... and it implies a bullish future for the index - but not, most likely, until it has a big correction.

Maybe we'll see a three stage affair, with a low later this year, and then - another low next year, when the 4 year cycle is likely to bottom....