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.

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

To: nspolar who wrote (25966)	4/16/2005 2:36:53 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 60929

Big waves on PAAS ttrader.com 13.5 would be perfect place to bottom on this move for PAAS as it would complete an abc correction or wave 2 of 3. Or it could stop right here. The next move should be to about 42 in the BIG 3 UP. The four week cycle is again negative for the HUI next week and this should about do it. Shorts should have next week to pack up their tents and go from whence they came. also of note: ttrader.com m

To: nspolar who wrote (25966)	4/16/2005 3:12:52 PM
From: Shack	Read Replies (3) \| Respond to of 60929

but is this the reason you are saying you don't care about the 5 waves w/r to the rule violations ... i.e. that longterm the index is screwed up? Yes that's what I'm saying. The XAU was screwed up badly with the addition and removal of a stock which accounted for nearly 20% of that index during a time where that stock went heavily counter to every other stock in that index. Why bother with that kind of uncertainly on the charts when we have the HUI? If you can not abide by the rules than I have a hard time understanding how you can take a strong position with a count that has rule violations. Firstly let me clarify something, I am not taking a strong position on any large count, I have a favoured and that's the end of it. I agree the GOX has violates rules for that to be an impulse, so do many stocks quite frankly. But I have always counted the HUI and nothing else so what can I tell you? The HUI has followed all the rules for that large count to be correct. If you want to look at it differently you may want to be more concerned with the idea that due to all the overlaps on the XAU or GOX that this has not been an impulse at all but a corrective move. Considered that? I know a few analysts who do think that, although I don't. E-wave is nothing more than a probability tool for me. In terms of the HUI all I have done from day one is favour it was in a major and powerful uptrend and have been trying to buy correctives therein. I really didn't care where we were in that uptrend, whether it was extending or whatever. The last time I did this was the spring of 2004 at the conclusion of the last obvious 3 wave corrective hoping the uptrend would continue from there, but the subsequent up action looked corrective so I favoured a minor (b) upwave in progress which I thought would be followed by a (c) down. And let me reiterate ns, the index has done NOTHING to throw that into doubt so why change now? But the point is I think wavers get wrapped up too much in getting the larger counts right and don't see the forest through the trees. The concept of ewave is sound but it should be (and this is IMO) less getting the count right but rather about finding trends, be they uptrends or downtrends, and fading corrections of one lower degree. E-wave gives us some rules to follow to do this, sadly my years of experience is the charts don't often offer up textbook pictures. So to recap, where are we now on the HUI? Who knows for sure. Hey ns, maybe we are only correcting everything since May 2003 and this impulse keeps extending as you seem to think it will. But what I do know and all I really care about is that since November 2003 I see a 3 wave move into May 2004, a 3 wave move back to the highs and the simplest concept right from "E-wave 101" is that we will finish off the correction with a 5 wave move which should be bought. And most importantly, this is true whether you think the Nov 2000-Nov 2003 is a complete 5 waves or not.