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


To: Shack who wrote (25934)4/15/2005 8:03:37 PM
From: SwampDogg  Read Replies (1) | Respond to of 60925
 
Thanks for that
Calls for another brew me thinks

Hell EW would allow for the index to go down towards 120.
$$$

Any thoughts on time fibs or cycles? Must be around a 50% duration of the wave 1 now



To: Shack who wrote (25934)4/16/2005 7:49:48 AM
From: spvies  Read Replies (1) | Respond to of 60925
 
Thanks for the chart Shack. This is also my prefered count. A couple of other points. *In this wave 2, if A = C then price is 153.39. *Notice the location of the middle tyne of the pitchfork. Acts like a magnet. *Previous 155 tops in May 02 and then again in Jan 03 could act as support. *The weekly chart now has simple moving average at 153.93. (EMA) is at 166.46. *Linear chart support is at 140-145. *Looking at time relationship, in this corrective Wave 2, Wave A lasted app. 23 weeks. Wave B up lasted app. 27 weeks. We currently are in week 21 of this Wave C. (maybe 2 more weeks of down.) *It appears that we could find a tradeable bottom of this corrective Wave 2 somewhere between 140 and 166. More likely between 140 and 155 IMO. stockcharts.com[w,a]wacayyay[d20000416,20050416][pc20!d20,2!c50!c200!f][vc60][iub14!la12,26,9!lp14,3,3!ll12!lk14!ld20!lv25][J49140873,Y]&listNum=1 Just a few thoughts. Steve



To: Shack who wrote (25934)4/16/2005 11:11:24 PM
From: Moominoid  Read Replies (1) | Respond to of 60925
 
That HUI looks like a really pretty contracting triangle since the start of 2004 (like the worse triangle in the NAS I am seeing). The Silver chart triangle is a real beauty :)

Have a look at stock indices in other countries too. e.g.

stockcharts.com[w,a]waclyyay[pb5!b13][vc60][iLb14!Lh14,3]&pref=G

I think it should be down on Monday, Australian time and then it needs a B and a C wave....



To: Shack who wrote (25934)4/17/2005 8:44:22 AM
From: crustyoldprospector  Read Replies (1) | Respond to of 60925
 
FWIW, Saville has a map with a lot of FA basis behind it that calls for this scenario: a of 2 around 160 in early May and c of 2 in the fall.

Similarly, I have called for a bottom around 150 +/- 10 in May and a test in August. Miner stocks almost like clockwork follow bullion into an annual cycle low in August:

spectrumcommodities.com

An important point for LT buyers and folks who play the explorers is that the May bottom will be the low for some of the better companies, especially those explorers with a high chance of hitting some good holes this summer (CKG, CBR, TK, etc.).