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: Galirayo who wrote (116307)	4/10/2005 9:10:53 AM
From: Henry J Costanzo	Respond to of 209892

<<There's a " D and E " there,>> But don't see no triangle around, so those should be labelled 4 and 5???

To: Galirayo who wrote (116307)	4/10/2005 9:23:55 AM
From: The Freep	Read Replies (2) \| Respond to of 209892

But Ray (and Illyia) -- that triangle is being labelled B of C. But C's aren't ABC in structure -- they are impulsive. Also, I'd note that I am pretty sure E wave triangles like that can only be in wave B or wave 4 position. Since there can't be B of C, then it's gotta be a 4... yet where's the 2? That said, some sorta variant of Illyia's pattern could be a (sloppy) ED with a final move down to her lower blue trendline (perhaps with overthrow). Then her whole 5 wave move marked pink A becomes the entire C down, complete with ending diagonal. We'd then move up for a lonnnnnnnnng time. And if it's not a triangle, and we're pointed down, then it's probably just a wave 2, as we discussed Friday, and we are now starting 3 of C down. Ick.

To: Galirayo who wrote (116307)	4/10/2005 10:37:09 AM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Tay.......We were discussing LT UT lines from 2003.....Hard to see on a small chart........Here are some cut-outs from 23" daily charts of SPX and COMPX, which IMHO clearly show UT broken. These are, of course, semi-log charts.....which I have always used....for everything.....and not about to abandon now.....g home.twcny.rr.com home.twcny.rr.com