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: The Freep who wrote (117789)	4/27/2005 11:49:39 PM
From: Henry J Costanzo	Respond to of 209892

Brilliant explanation, Freep...............BUT I would not respect any OEX count as having more validity than, or overriding, an SPX count...

To: The Freep who wrote (117789)	4/27/2005 11:49:59 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Yeah I get it. Effectively the "extension" scenario. When it comes right down to it: Has the bounce since since April 20 been bullish? Without a doubt, No. Can we extend hard downward? Yes, although IMO its unlikely. Do I favour new lows? Yes. Can this be a B up of the same degree as the entire decline? Yes, means we are a while away from new lows though. Can this be a (v) up in an ED. Yes, new highs before new lows. There are way too many scenarios for me here but I concede that long is dangerous given the corrective move up so far. Sticking to the individual stock set-ups and being very cautious about money management. I wouldn't touch long unless the set-up and entry is near perfect.