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Strategies & Market Trends : Visit Mr. Elliott. -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (268)12/11/2005 8:21:11 AM
From: hawkeyefan  Read Replies (1) | Respond to of 656
 
Ideally, my "game plan" is to have a high on Dec 30 and a low on Jan 20. I have three dates of significance at the end of Feb and beginning of March that concern me.

I don't know how you get the week of March 27 but I am going to take a look at why you have that. Something new always
interest me.

I am having doubts about the Dec 8 purchases I have made.
Have a little profit but maybe I should have passed on that date.

Wish I was better at EW.



To: nspolar who wrote (268)12/11/2005 1:18:54 PM
From: skinowski  Read Replies (1) | Respond to of 656
 
I'll miss the previous "cool" name... -g

There is a common saying that trends last longer than most people expect. I think it can also be said that "RANGES go on longer that most people expect".

Right now NDX is facing trendline resistance from the line connecting the tops of Jan and Dec 2004. It would be my working assumption that we are not far from an intermediate top. Wave-wise, the chart so far looks "best" (imo) as being in the 4th since the October low. (maybe this recent impulse is a "C" of the structure since April 29 of this year?)

If instead the index breaks out in a meaningful way, the way you present, then... life goes on. Buy short-term oversold dips... and do other wonderful bullish things.... -g