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: ajtj99 who wrote (121200)	6/29/2005 12:12:15 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

The thing is, AJ, that B waves can make new highs, so the same count on AMD and the COMPX is perfectly fine. It coulda been 5 up that made a bare new high, but it could just as easily have been a B of 4 (or B of 2!). And since the NDX is supposed to be the dominant one... and it didn't get that possible 5 up... it ads credence to that 2106 being a B top, imo. In this case, we'll likely know by the weekend. In the big bull scenario, we rally like a mofo after the Fed.

To: ajtj99 who wrote (121200)	6/29/2005 12:19:12 AM
From: Shack	Read Replies (1) \| Respond to of 209892

Your scenario for the COMP makes sense to me and is very possible, I will keep an eye. That scenario effectively means jell-o up for a while and then another dump..at least However take a look at the $GSO daily and tell me what you see (too lazy to post another chart). I have keyed off that chart many times with success and I see a clear a-b-c correction there. As such I think the COMP simply made an irregular (B) high.