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: the-phoenix who wrote (128393)	1/24/2006 1:43:05 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

According to my Unified theory of Elliott Patterns (g), there is no real difference between our counts. If you "mentally" - squeeze down the Flat/zigzag on SPX, if you kinda "squash" it, it will acquire the look of a Triangle. In the end, it's made of the same corrective stuff. Caveats -- 1) It may become more complex, evolving into multiple "threes", and 2) On occasion, especially during last year, seemingly corrective wiggles had a tendency simply to begin accelerating in the "wrong" direction. The most recent example was last October low (hourly), when the action contained tons of overlaps and looked clearly corrective - until it just took off. So, I am careful and trying not to take all this stuff for granted. If in doubt, will cut down or step aside with the active positions. That said, most likely it will end up breaking down. If SPX creates overlaps above 1272 or so, then the bearish short term case gets weaker.