SI
SI
discoversearch

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: Henry J Costanzo who wrote (128878)2/2/2006 11:51:52 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
On the wigglier front, MC, as it impacts the bigger count...

stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iub14!la12,26,9!lg!li10,10!lh5,5!lp14,3,3!ll14][J6471081,Y]&pref=G

NDX has overlapped any proposed wave 1 up from the last lows. Sooooo, either this is the start of the bigger C down I was talking about, or it's possibly just a ii of 3 up. While it's possible that the real "low" was on the 25th with a failed v down... then you'd also have a failed v on the way up. How likely is that?

the SPX doesn't have the same issues (there was a low on the 25th and there was a final high on the 30th), but the bulls, again, would be far better off with some rallying here.



To: Henry J Costanzo who wrote (128878)2/2/2006 11:58:14 AM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
Currently have 1670 as the go-short trigger on NDX, 1260 for SPX. Since the Big Red Stick of a couple weeks back, I've had them (plus the Dow) in Meandering Mode. Presumably that's something like the oft-mentioned E-Wave Wiggle, so hopefully I'm maintaining some consistency with board policy. :)

Oh...your friend AAPL...on a daily timeframe I have an actual go-short trigger at ~70.75. If it gets hit, it would be only the second short signal on that puppy in about 2 years. The last one was marginally profitable, but I'd put that down to luck as AAPL promptly ran for 100% shortly afterwards.

On a weekly basis, uptrend still intact, with the stop rising to ~$67 on Monday.