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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (1157)	10/9/2005 2:58:37 PM
From: Moominoid	Read Replies (1) \| Respond to of 2852

LOL! D., we kind of going in circles... I see your ED on SPX, and have been tracking this possibility... but on NDX it is simply not an ED, since NDX made no new highs since December 2004. But, I think since neither one of us likes that scenario anyway, we may as well just leave it alone for now.... ;) Interesting work with your original methodology on your model. Good luck... let me know. I'm not such a true believer in E-Wave - I'm inclined to think that if a pattern is roughly right and shows up in some indices, perhaps that si really waht is happening in the others. In the end all will become clear, and I am sure we can invent some convoluted reasoning to fit an exact E-Wave count to everything.... on the other hand it is important to not be a victim of wishful thinking, and if the count doesn't fit it may be telling us something. Well that is why I try to find correlations across multiple indices and markets and use multiple methods. I am expecting a continued decline at some point this week (not neccessarily on Monday) perhaps followed by a bounce. That could turn out to be 5 of 5 for the SPX or maybe not... what it will be for the NDX? 2 of 3 of C?? This is all about being aware of the potentials and their likelihoods. Noone can predict the markets in the way the critics of TA seem to think we are saying we can.