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: Shack who wrote (125536)	10/28/2005 7:07:35 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

EWFF teaser says they're counting the recent downleg in Europe as an impulse: British stocks have been a European leader for some time. In September 2004, the FTSE-100 was the first to bottom – while other indexes only followed over the next 3-5 months. Then, in February 2005, the FTSE was the first to top – while other markets kept pushing higher into March and April. And now, in October, the FTSE fell under its August low – while most other European bourses did not. Is the FTSE still leading the way? See our detailed analysis and charts to find out. The Milan MIB Index also dropped in October – and rather dramatically – beneath its August low. New trends may begin quietly or announce themselves with drama. Only by looking at the MIB’s Elliott wave patterns can you tell if the October decline started a new trend in Italian shares. The November EFF shows you just the right chart. The DAX’s decline from 5138 looks weak when viewed on a monthly chart. But we’ve observed one crucial point: the DAX’s decline has developed in a five-wave form. To an Elliottician, this simple pattern speaks volumes about the coming trend in German stocks. We make no secret of it – you’ll find the details in the “Frankfurt” section of the November EFF. In last month’s EFF, we said it was time for investors to be concerned about the rally in the Euro Stoxx 50. The October action in the index confirmed our fears: It declined abruptly. And just like the DAX, the Euro Stoxx 50 has fallen in a five-wave pattern… Again, we tell you in simple terms what this means for Europe’s fifty largest stocks. BC

To: Shack who wrote (125536)	10/28/2005 10:21:11 PM
From: Henry J Costanzo	Respond to of 209892

Good to see you, Shack-o...always miss you when you're tied up elsewhere...vbg Yep, your BAC and SCH looking pretty good, and our EMC OK too......My IBM not so hot today, so thinking of buying more next week....although always leary about "averaging down".. In connection SCH, have you had a chance to look at your old fave XBD ??.....Threatening ATH....Actually, within pennies today. Think our BSC, which also had a good day, ..... should now be ready to take advantage of strong XBD, and get that move you were talking about (and still due to it from a big triangle out there (g)...

To: Shack who wrote (125536)	10/29/2005 10:07:46 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

commercials aren't even short the large SPX contract any longer That's unusual... and probably important. Fwiw, you may have noticed that twice a year I make a fuss about "seasonal" reversals. I don't know what MA's is Sy Harding utilizing for his MACD, but the "default" set on my Qcharts (12,26,9) a few days ago issued a buy signal... and so far it hasn't reversed, indicating that this may be for real. Mid to late October is prime time for markets to start showing seasonal strength. Edit - Following this system, one would get out of the market on March 11, at SPX 1198 (at close) and re-enter the market last Monday at...1196.50. For a person uninterested in wasting their life on wiggles, this is not such a bad deal (g). The previous year's entry would have been near 1125 (or lower, depending on some subtleties) - generating about 75 (or more) points in 6 months... how much is that - about 6-8%? Not all that bad.