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To: elliottrules who wrote (115364)3/24/2005 1:33:47 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
SOX is Dealing with the 50 .. See how that works out.

stockcharts.com[w,a]dacayiay[db][pb50!h.02,.20!f][vc60][iut!Ua12,26,9!Uv25]&pref=G

Get your Surf Board out .. maybe we'll catch a Wave.

Ray



To: elliottrules who wrote (115364)3/24/2005 7:50:22 PM
From: skinowski  Respond to of 209892
 
a little nervous that the market has been declining from the 3/7/05 high of 10984 in a series of 1's and 2's

I understand your concern... Indeed, if we are in a "real" decline, it is possible that it may accelerate into a "wave of recognition"... The action of the past few days could be a good setup.

But - this week's action also reminds me the period between Jan 24 to 28, when SP was just chopping around, and looked in danger, and then just rocketed up - and it was Hasta la Vista. In fact, I recall having a discussion with Shack about the possibility that the choppiness was hiding a little Leading Diagonal. Looks like we were right back then.