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 : Visit Mr. Elliott. -- Ignore unavailable to you. Want to Upgrade?

To: hawkeyefan who wrote (269)	12/11/2005 1:22:00 PM
From: nspolar	Read Replies (1) \| Respond to of 656

It is very simple, 233 days from the start of the 2nd c:5; the c of the 2nd zigzag. This begins at the end of the 2nd b:3 right at end of April or beginning of May. Here are all the time fibs from A:5 or the big bottom. 1st a:5: 34 Days. 1st b:3: 55 Days (from previous). 1st c:5: 233 Days (from previous). 1st x:3: 144 Days (from previous). 2nd a:5: 89 Days (from previous). 2nd b:3: 89 Days (from previous). Time fibs imo hit so regularly that if you don't have them for major waves, your EW is likely incorrect. I currently think the NDX is likely to take off again very soon, and I would look for an IT top around the 1st of the year. But I would not look all that hard. I find the intermediate time fibs do not always work to perfection. In addition, it is possible the next correction could 'run' uphill. I pulled my HUI EW because I did not want to argue anymore with SKISki. He likewise did not want to argue with me. My HUI is like none other I have seen. My waves all hit time fibs. Dead nuts on. Another reason why I think it is correct. Time fibs get more difficult during long and complex corrections. Under those conditions they often have to be pieced together. Another hint for all of you - the HUI has been correlating very well to the NDX, for some time. Not tit for tat ... but if you just do an overlay it is obvious. The HUI can easily go counter the NDX and the general markets as well ... the question is when will it do so? Time fibs offer some clues, no? And finally I expect a good knock down on Nasty after the top, but no BIG CRASH to show that all the bears were correct. More of a grinder over the ensuing years. This correction that Nasty has been working on since the '02 bottom is quite strong, for reasons. But there are reasons building for a blow the other way as well.