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: skinowski who wrote (120968)	6/23/2005 9:47:59 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

E-Wave is supposed to apply to stock indices and commodities and not neccessarily to individual stocks... expect lots of violations of standard patterns... We are now in wave C of the current correction IMHO. Took a little longer getting here than I thought. But I picked the top in the Aussie market exactly (and switched a lot of funds and bought puts). In US market it has been more frustrating.

To: skinowski who wrote (120968)	6/23/2005 10:11:26 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Something tells me that won't turn out to be an H&S on MMM. Right this minute there is a clearer pattern on IBM. An absolutely perfect triangle correction looks like it just ended and it is heading to new lows. MMM likely is too. But if it is a triangle on IBM...is it a 4? If so then a major bounce is coming...at least. BTW, you have a very real bullish risk on DD. ttrader.com I would be very open-minded on that one.